Answer:
$820.63
Explanation:
For two different properties, we have the following:
• Assessed Value = $63,000
,• Tax = $550
• Assessed Value = $94,000
,• Tax = $x
Using a proportion, we have:
[tex]\begin{gathered} \frac{63,000}{94,000}=\frac{550}{x} \\ \text{Cross multiply} \\ 63,000x=94,000\times500 \\ x=\frac{94,000\times500}{63,000} \\ x=\$820.63 \end{gathered}[/tex]The tax on a property with an assessed value of $94,000 is $820.63 (correct to 2 decimal places).
