Millage rate is the amount per $1000 that is often used to calculate property tax. For example, a home with a $60,000 taxable value in a municipality with a 19 mil tax rate would require ( 0.019 ) ( $ 60 , 000 ) = $ 1140 in property taxes. In one county, homeowners pay a flat tax of $172 plus a rate of 19 mil on the taxable value of a home. a. Write a linear function that represents the total properly tax T ( x ) for a home with a taxable value of x dollars. b. Evaluate T ( 80 , 000 ) and interpret the meaning in the context of this problem.
Millage rate is the amount per $1000 that is often used to calculate property tax. For example, a home with a $60,000 taxable value in a municipality with a 19 mil tax rate would require ( 0.019 ) ( $ 60 , 000 ) = $ 1140 in property taxes. In one county, homeowners pay a flat tax of $172 plus a rate of 19 mil on the taxable value of a home. a. Write a linear function that represents the total properly tax T ( x ) for a home with a taxable value of x dollars. b. Evaluate T ( 80 , 000 ) and interpret the meaning in the context of this problem.
Solution Summary: The author explains how to calculate the value of T(x) and its meaning in the con of this problem.
Millage rate is the amount per $1000 that is often used to calculate property tax. For example, a home with a $60,000 taxable value in a municipality with a 19 mil tax rate would require
(
0.019
)
(
$
60
,
000
)
=
$
1140
in property taxes. In one county, homeowners pay a flat tax of $172 plus a rate of 19 mil on the taxable value of a home.
a. Write a linear function that represents the total properly tax
T
(
x
)
for a home with a taxable value of x dollars.
b. Evaluate
T
(
80
,
000
)
and interpret the meaning in the context of this problem.
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