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Author Question: Preston's house is assessed at 145,000. He received a tax assessment for 9,425. What is his tax ... (Read 164 times)

frankwu

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on: Jun 24, 2018
Preston's house is assessed at 145,000. He received a tax assessment for 9,425. What is his tax rate?

Question 2

The tax rate on the Hamilton's house is 50 per 1,000. The market value of their house is 289,000 and the assessed value is 60. How much tax is due?


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aruss1303

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Reply #1 on: Jun 24, 2018
Answer to Question 1

6.5;
Divide the part, 9,425, by the whole, 145,000. Multiply the quotient by 100 for the percent.

Answer to Question 2

8,670;
289,000  0.6 = 173,400; 173,400  1,000 = 173.4; 173.4  50 = 8,670


frankwu

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Reply #2 on: Jun 24, 2018
Thank you :)


aruss1303

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Reply #3 on: Jun 24, 2018
Happy to help you


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