The owners of a house that is assessed at $\$120,\!000$ pay $\$3,\!000$ in taxes. At the same rate, what is the tax, in dollars, for a house assessed at $\$160,\!000$?

Hi Guest,

We can use ratios to solve this problem.

3000 / 120,000 is 1 / 40

So the ratio is 1 : 40

Now the problem asks for house assessed at 160,000

We solve:

160,000 / 40 = 4000

The tax for a house assessed at 160,000 is $4000.00