Question

Solve. Yearly homeowner property taxes are figured at a rate of $1.75 tax for every $100 of home value. Find the property taxes on a townhouse valued at $167,000.

Answer 1

$2,922.50.

Step-by-step explanation:

Taxes are figured at a rate of $1.75 tax for every $100.

If the value of the townhouse = $167,000

Then, the property tax will be:

`\begin{gathered} =(167,000)/(100)*1.75 \\ =\$2922.50 \end{gathered}`

The property taxes on a townhouse valued at $167,000 is $2,922.50.