Example 3.5.13

Property taxes for a residential property are proportional to the assessed value of the property. Assume that a certain property in a given neighborhood is assessed at \(\$234{,}100\) and its annual property taxes are \(\$2{,}518.92\text{.}\) What are the annual property taxes for a house that is assessed at \(\$287{,}500\text{?}\)

Explanation
in-context