Taxes on a house assessed at $64,000 are $1500 a year. If the assessment is raised to 85,000 and the tax rate did not change, how much would the taxes be( round to two decimal places)

just use a simple ratio

newtax/85000 = 1500/64000

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To calculate the new taxes on a house assessed at $85,000, we need to determine the tax rate and use it to find the amount.

First, we need to find the tax rate by dividing the annual taxes ($1,500) by the assessment value ($64,000).

Tax rate = Annual taxes / Assessment value
Tax rate = $1,500 / $64,000
Tax rate = 0.0234375

Now, we can calculate the new taxes by multiplying the new assessment value ($85,000) by the tax rate we calculated.

New taxes = New assessment value * Tax rate
New taxes = $85,000 * 0.0234375
New taxes ≈ $1,992.19

Therefore, if the assessment is raised to $85,000 and the tax rate remains the same, the new taxes would be approximately $1,992.19 per year.