In Washington DC, the tax on a property assessed at is . If tax rates are proportional in this
city, how much would the tax be on a property assessed at ?
Answer:
Check Answer

Ask by Jimenez Weaver. in the United States

Jan 27,2025

Question

In Washington DC, the tax on a property assessed at is . If tax rates are proportional in this
city, how much would the tax be on a property assessed at ?
Answer:
Check Answer

Ask by Jimenez Weaver. in the United States

Jan 27,2025

UpStudy AI · Accepted Answer

To determine the property tax on a $$ \$960,000 $$ assessed property in Washington DC, where tax rates are proportional, follow these steps:

1. **Find the Tax Rate:**

$$
   \text{Tax Rate} = \frac{\text{Tax}}{\text{Assessed Value}} = \frac{9,430}{410,000} \approx 0.02304878 \ (\text{or } 2.304878\%)
   $$

2. **Calculate the Tax on the New Property:**

$$
   \text{Tax} = \text{Tax Rate} \times \text{New Assessed Value} = 0.02304878 \times 960,000 \approx 22,080
   $$

**Answer:** $$ \$22,\!080 $$
The tax on a $$ \$960,000 $$ property would be $$ \$22,\!080 $$.