The property taxes on a business office were $3000. What was the tax rate if the business office was valued at $200,000?
that would be 3000/200000 = 3/200
express that as a percent.
To find the tax rate, divide the property taxes by the property value and multiply by 100.
Tax rate = (Property taxes / Property value) x 100
In this case:
Tax rate = ($3000 / $200,000) x 100
Tax rate = 0.015 x 100
Tax rate = 1.5%
Therefore, the tax rate on the business office was 1.5%.
To find the tax rate, we need to divide the property taxes ($3000) by the value of the business office ($200,000).
Tax Rate = Property Taxes / Value of the Business Office
So, the tax rate would be:
Tax Rate = $3000 / $200,000
To get the answer, we divide $3000 by $200,000 using a calculator or by performing long division:
Tax Rate = 0.015
To express the tax rate as a percentage, we multiply by 100:
Tax Rate = 0.015 x 100
Simplifying, we get the tax rate as:
Tax Rate = 1.5%
Therefore, the tax rate on the business office is 1.5%.