Question

n Tacoma, the tax on a property assessed at $430,000 is $7,310. If tax rates are proportional in this city, how much would the tax be on a property assessed at $860,000?

Answer 1

$14620 is collected as tax for a property of $860,000

Step-by-step explanation:

Let the tax rate on every property in Tacoma be x%. A property worth $430,000 was taxed $7,310. This implies that:

`(x)/(100) *$430000=$7310`

multiplying through by 100 we get:

`(x)/(100) *$430000*100=$7310*100`

`430000x=731000`

Dividing through by 430000 to get:

`(430000x)/(430000)=(731000)/(430000)`

x = 1.7%

Therefore the tax rate in Tacoma is 1.7%.

Since all tax rate is proportional, for a property of $430,000 the tax is $7,310, for a property of $860,000 let the tax be $y

Therefore
`y=(860000*1.7)/(100) =14620`

This means that $14620 is collected as tax for a property of $860,000