Answer:
$4,664
Explanation:
If the property tab varies directly as assessed valuation, the ratio of the tax to the assessed valuation is constant, so we can formulate the following equation:
[tex]\frac{tax}{\text{valuation}}=\frac{\text{ \$1590}}{\text{ \$81000}}=\frac{x}{\text{ \$237600}}[/tex]Where x is the property tax of the apartment complex. So, we can solve for x as follows:
[tex]\begin{gathered} \frac{\text{ \$1590}}{\text{ \$81000}}=\frac{x}{\text{ \$237600}} \\ \frac{\text{ \$1590}}{\text{ \$81000}}\times\text{ \$237600}=\frac{x}{\text{ \$237600}}\times\text{ \$237600} \\ \text{ \$4664 = x} \end{gathered}[/tex]Therefore, the property tax is $4,664.
