Score
2. The assessed value of Patty's residential property was $200,000 in 2004. In 2006, the
assessed value increased to $225,000. The property tax rate in both years was 1.2 percent.
Patty earned $60,000 each year.
a) Determine Patty's property taxes for 2004 by calculating 1.2 percent of $200,000 (multiply by 0.012), and then
determine her taxes for 2006 by calculating 1.2 percent of $225,000. Subtract the 2004 tax figure from the 2006
amount. How much more did Patty have to pay for her property tax in 2006 than in 2004?