in a city, the the owner of a house valued at 480 thousand dollars needs to pay 552 in property tax. at this rate, how much property tax should the owner pay if a house is valued at 750 thousand dollars.
the owner of a 750,000 house should pay blank in property tax.
Applying proportion we have that
552/480,000=x/750,000
solve for x
x=(552/480,000)*750,000
x=862.5
therefore
the answer is $862.50