Property Tax Is Based on the Assessed Value of a Property.A

Multiple Choice

Property tax is based on the assessed value of a property.A house that has an assessed value of $200,000 has a property tax of $4,820.Find a mathematical model that gives the amount of property tax y in terms of the assessed value x of the property.Use the model to find the property tax on a house that has an assessed value of $230,000.(Round your answer to four decimal places.)

A) $y = 0.0241 x ; \$ 230,000$
B) $y = 0.0241 x ; \$ 5543$
C) $y = 41.4938 x ; \$ 5543$
D) $y = 41.4938 x ; \$ 9,543,568$
E) $y = 0.0241 x ; \$ 9,543,568$