Question

A property is appraised for $50,000 with an assessed value of $40,000. taxes are $600 a year. what would be the tax on a property that was appraised at $65,000 with an assessed value of $55,000?

Answer 1

To find the tax on a property that was appraised at $65,000 with an assessed value of $55,000, we can set up a proportion using the given information. By solving the proportion, we find that the tax would be approximately $709.09.

Step-by-step explanation:

To find the tax on a property that was appraised at $65,000 with an assessed value of $55,000, we can set up a proportion using the given information:

Appraised Value 1 / Assessed Value 1 = Appraised Value 2 / Assessed Value 2

Substituting the values:

$50,000 / $40,000 = $65,000 / $55,000

Now, we can solve for the tax on the new property:

($65,000 / $55,000) × $600 = $709.09

Therefore, the tax on the property that was appraised at $65,000 with an assessed value of $55,000 would be approximately $709.09.

Answer 2

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Step-by-step explanation:

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