Asked by Stan

Property Tax

The Jones family earns $225,000 a year. What % is the property tax of their income?

0.44%
1%
4.4%
0.1%

Can anyone please explain me how to do this question? I wasn't given a % amount or anything...
Answered by Ms. Sue
What is their property tax?



Answered by Stan
I don't know, I wasn't given a property tax...unless there's an official tax % for a certain amount of income....
Answered by Ms. Sue
Property tax is paid on property owned - usually a person's home. The percentage and amount varies from one place to another.

You can't do this problem without knowing the amount of the property tax.



Answered by economyst
Ms Sue is correct.

Are you being asked to find some national statistic showing the average property tax for some family with $225 in income?? Otherwise, you need to provide/acquire more information.
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