Question

Solve. Yearly homeowner property taxes are figured at a rate of $1.75 tax for every $100 of home value. Find the property taxes on a townhouse valued at $167,000.

Answer 1

Answer:

$2,922.50.

Explanation:

Taxes are figured at a rate of $1.75 tax for every $100.

If the value of the townhouse = $167,000

Then, the property tax will be:

$\begin{gathered} =\frac{167,000}{100}\times1.75 \\ =\ 2922.50 \end{gathered}$

The property taxes on a townhouse valued at $167,000 is $2,922.50.