When you own real estate (such as a house or land) you have to pay property taxes based on its value. In one city, the 1 tax a person pays is calculated off of 10% (or 5) of the property's value. The owner is then charged a 14% tax on this 10 reduced value. (That is, the owner pays 14% tax on 10% of the property value.) a. If a property is valued at $376,000 then what is the reduced value used to calculate its property tax? S Enter a mathematical expression [more..] b. Based on your answer to part (a), what is the property tax for a property valued at $376,000? Preview S Preview c. What is the property tax for a property valued at $243,000? Preview

When you own real estate (such as a house or land) you have to pay property taxes based on its value. In one city, the tax a person pays is calculated off of 10% (or 101 ) of the property's value. The owner is then charged a 14% tax on this reduced value. (That is, the owner pays 14%tax on 10% of the property value.) a. If a property is valued at $376,000 then what is the reduced value used to calculate its property tax? b. Based on your answer to part (a), what is the property tax for a property valued at $376,000 ? c. What is the property tax for a property valued at $243.000