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The property tax on a house with an assessed value of $480,000 is $5760. Determine the property tax on a house with an assessed value of $600,000, assuming the same tax rate.

 Aug 29, 2020
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$5,760 / $480,000 =1.2% Property tax rate on the first house.

 

1.2/100 x $600,000 =$7,200 Property tax on the $600,000 house.

 Aug 29, 2020

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