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.
$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.
