Answer:
property tax on the house of $220,000 is $81,840
Step-by-step explanation:
Property tax on $92000 home is = $3,430
tax rate = [tex]\frac {tax}{cost}\times 100[/tex]
tax rate = [tex]\frac{3,430}{92,000}\times 100[/tex]
= 3.72 %
tax on $220,000 home will be
= 3.72 % of $220,000
= 0.0372 × $220,000
= $81,840
hence, the property tax on the house of $220,000 is $81,840.
