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If the value of a home is assessed at $110,000, and the homeowner pays property tax at a rate of 25 mills, how much would the homeowner have to pay in property tax each year?
$2,500
$3,125
$1,100
$2,750

Respuesta :

Using proportions, it is found that the homeowner would have to pay $2,750 in property tax each year.

What is a proportion?

A proportion is a fraction of a total amount, and the measures are related using a rule of three.

The tax at a rate of 25 mills means that for each $1,000 in value of the home, he pays $25 in taxes. Hence, for a home of value of $110,000, the amount he pays in taxes is given by:

A = 110 x 25 = $2,750.

More can be learned about proportions at https://brainly.com/question/24372153

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