Andrew M. answered 08/12/15
Tutor
New to Wyzant
Mathematics - Algebra a Specialty / F.I.T. Grad - B.S. w/Honors
Another way of looking at the proportion problem is to use the method of finding
the constant of proportion...
(Assessed Value)k = Tax Amount
Where k is the constant of proportion.
Thus, we have: 520000k=7280
k = 7280/520000
k = .014
Thus, our formula for finding the tax is AV(.014)
For property with assessed value of $280,000 the tax=280000(.014) = $3,920
Bill P.
08/12/15