Answered

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The taxes on a house assessed at $71,000 are $1775 a year. If the assessment is raised to $114,000 and the tax rate did not change, how much would thetaxes be now?

Sagot :

Solution:

Given:

[tex]\begin{gathered} \text{House assessed at \$71,000} \\ \text{Tax paid in a year = \$1775} \end{gathered}[/tex]

The tax rate paid for the year is;

[tex]\begin{gathered} r=\frac{1775}{71000}\times100 \\ r=2.5\text{ \%} \end{gathered}[/tex]

If the assessment is now raised to $114,000 and the tax rate did not change, then the tax paid on the house will be;

[tex]\begin{gathered} \text{Tax}=2.5\text{ \% of \$114,000} \\ \text{Tax}=\frac{2.5}{100}\times114000 \\ \text{Tax}=\text{ \$2,850} \end{gathered}[/tex]

Therefore, the tax paid on the house with an assessment of $114,000 is $2,850

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