The annual property tax on Robert's house is $1,400.00, calculated as 1/100 of the assessed value of the house. What is the assessed value of Robert's house?

1 answer

To find the assessed value of Robert's house, we need to divide the annual property tax by 1/100.

The assessed value is $1,400.00 divided by 1/100.

$1,400.00 ÷ 1/100 = $1,400.00 × 100/1 = $140,000.00

Therefore, the assessed value of Robert's house is $140,000.00.