Question

In Seattle, the tax on a property assessed at $900,000 is $14,400. If tax rates are proportional in this city, how much would the tax be on a property assessed at $740,000?

Answer 1

$11,840

Explanation:

Tax on $900,000 property is $14,400

So tax rate = 14,400/900,000

For a property assessed at $740,000
the proportionate tax would be (14,400/900,000) x 740,000

= $11,840