To Find the Worth of Property when Tax Amount and Tax Rate % are given (WP-7 Property Tax)

Q. Farah paid the property tax of Rs. 9,240 at the rate of 2%. Find the worth of her property.

Given:

Property Tax (Tax Amount) = Rs.9,240 

Tax rate = 2% 

To Find:

Worth of Property =? 

Solution:

The Formula for Property Tax is 

We can find Worth of Property easily from the above formula that is 

By putting values we will get

Worth of Property = `{\frac {Rs. 9240}{2}}` x 100

Worth of Property = Rs.462,700

Thus, the worth of the property is = Rs.462,700

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