The property taxes on a house were $600. What was the tax rate if the house was valued at $100,000? Follow the problem solving and round your answer to the nearest hundredth of a percent, if necessary.

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ABIOLATAIWO2015GO ABIOLATAIWO2015GO · Answer 1

Based on the information given the tax rate if the house was valued at $100,000 is 60%.

Let $600= x%

Let $100,000=100%

Let the tax rate=x

Proportion:

600/100,000=x/100

Hence,

x=600×100/100,000

x=60,000/100,000

x=60/100

x=0.6%×100

x=60%

Inconclusion the tax rate if the house was valued at $100,000 is 60%.

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ANTHOUGOGO ANTHOUGOGO · Answer 2

The tax rate of a house valued at $100,000 with a property tax of $600 is 0.6%. or $6 per $1,000 of property value.

The property tax is the levy imposed on the assessed value of the property of an individual or corporation.

Property tax is usually levied as a percentage of the assessed value.

Property tax = $600

House value - $100,000

Tax rate = 0.6% ($600/$100,000 x 100)

Thus, the tax rate of a house valued at $100,000 with a property tax of $600 is 0.6%. or $6 per $1,000 of property value.

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