Final answer:
The tax on a house valued at $135,000, at the same rate as a house valued at $120,000 that pays $1,800 in taxes, is $2,025. A tax is a mandatory fee or financial charge levied by any government on an individual or an organization to collect revenue for public works providing the best facilities and infrastructure. The collected fund is then used to fund different public expenditure programs.
Step-by-step explanation:
The question involves calculating the property tax on a house based on a given valuation and tax paid on a different valuation. To solve this, we need to find the rate of tax applied to the first house and then use this rate to calculate the tax on the second house.
A homeowner whose house was valued at $120,000 pays $1,800 in taxes. To find the tax rate, we divide the amount of tax paid by the value of the house:
- Tax Rate = Tax Paid ÷ House Value = $1,800 ÷ $120,000 = 0.015 or 1.5%
With the tax rate at 1.5%, we can then calculate the tax on the house valued at $135,000 by applying the same rate:
- Tax on $135,000 house = 1.5% of $135,000 = 0.015 × $135,000 = $2,025
Therefore, the tax on a house valued at $135,000, at the same rate, would be $2,025.
To find the tax on a house valued at $135,000, we can set up a proportion using the given information.
First, calculate the tax rate by dividing the tax paid by the value of the house: 1800/120000 = x/135000.
Cross multiply and solve for x: 120000x = 135000*1800.
Divide both sides of the equation by 120000 to find the tax on the house valued at $135,000: x = (135000*1800)/120000.
Performing the calculation, we get: x = $2025.
Therefore, the tax on a house valued at $135,000 would be $2,025.