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10 February, 07:41

Max Maxwell's property is assessed at $412,500. He pays $5775.00 in property taxes, what is the property tax rate in his city?

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  1. 10 February, 08:55
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    You divide his property by his tax. That makes 412,500 : 5775 = 71.4285715286.

    5775 is approx 71.4% of 412,500. The tax is approx 71.4%

    To check this you multiply 71.4285714286 by 5775 which does get you 412,500
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