In Township K each property is taxed at 10 percent of its assessed value. If the assessed value of a property in Township K is increased from $20,000 to $28,000, by how much will the property tax increase?  Choose the correct answer:  A) $800  B) $1000  C) $600  D) $400  E) $500
Increase in house value = $28,000 - $20,000 =$8000   So, tax increase = 10% of$8000=$800   $800nswer: $800
<result>A</result>
In Township K each property is taxed at 10 percent of its assessed value. If the assessed value of a property in Township K is increased from $20,000 to $28,000, by how much will the property tax increase?