Property Tax

The Jones family earns $225,000 a year. What % is the property tax of their income?

0.44%
1%
4.4%
0.1%

Can anyone please explain me how to do this question? I wasn't given a % amount or anything...

What is their property tax?

I don't know, I wasn't given a property tax...unless there's an official tax % for a certain amount of income....

Property tax is paid on property owned - usually a person's home. The percentage and amount varies from one place to another.

You can't do this problem without knowing the amount of the property tax.

Ms Sue is correct.

Are you being asked to find some national statistic showing the average property tax for some family with $225 in income?? Otherwise, you need to provide/acquire more information.

To calculate the percentage of property tax as a portion of their income, you need to know the property tax amount. Since you weren't given any specific information about the property tax, it is not possible to determine the percentage.

However, if you were provided with the property tax amount, you could divide that amount by the annual income of $225,000 and then multiply by 100 to get the percentage.

For example, if their property tax amount was $2,000, the calculation would be as follows:

Property tax percentage = (Property tax / Annual income) x 100
= ($2,000 / $225,000) x 100
= 0.00889 x 100
= 0.889%

So, without the property tax amount, it is not possible to calculate the percentage.