Ask Question
29 July, 05:03

Taxes - taxes on a house assessed at $64,000 are $1500 a year. if the assessment is raised to $85,000 and the tax rate did not change, how much would the taxes be?

+5
Answers (1)
  1. 29 July, 05:21
    0
    I n this problem, we have to know the tax rate used to come up with the tax for the year. We can get this by dividing $1,500 by $64,000. The tax rate is 2.34% (rounded to two decimal places). Using the new assessed value of the house, which is $85,000, we can compute its new amount of tax to be paid. We just have to multiply $85,000 with 2.34% which would give us the result of $1,989.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Taxes - taxes on a house assessed at $64,000 are $1500 a year. if the assessment is raised to $85,000 and the tax rate did not change, how ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers