posted by Henry on .
A couple was assessed property taxes of $1938.90 on a home valued at $168,600. What might Frank expect to pay in property taxes on a home he hope to purchase in the same neighborhood if it has a value of $118,300? round to the nearest dollar.
1938.9 / 168,600 = 0.0115 = 1.15%
0.0115 * 118,300 = $1360.45 = $1360.