Choose the one alternative that best completes the statement or answers the question.
-The property tax on a $160,000.00 house is $2,400.00. At this rate, what is the property tax on a house that is $280,000.00?
A) $4,620.00
B) $5,040.00
C) $3,780.00
D) $4,200.00

Question

Quizplus · Accepted Answer

The property tax rate can be found by dividing the tax amount by the house value: $2,400 / $160,000 = 0.015 (or 1.5%). To find the tax on a $280,000 house, multiply the house value by the tax rate: $280,000 * 0.015 = $4,200.

Choose the One Alternative That Best Completes the Statement or Answers