The real estate taxes on a summer home assessed at $72,900 were $3,645. Find the tax rate as a percent.

Question

Quizplus · Accepted Answer

To find the tax rate as a percent, divide the amount of taxes by the assessed value of the property and then multiply by 100.

Tax rate = (taxes / assessed value) x 100
Tax rate = (3645 / 72900) x 100
Tax rate = 0.05 x 100
Tax rate = 5%

Therefore, the tax rate as a percent is 5%. Answer choice D is correct.

The Real Estate Taxes on a Summer Home Assessed at $72,900