aragonn wrote:
Skywalker18 wrote:
The total market value of real estate has declined over the past four years .
As a result , assessed value of that real estate has also declined .
The percentage of assessed value that was paid as property taxes to the city has remained the same .
Total property tax collected 4 years ago = Assessed value of real estate 4 years ago* Property tax %
Total property tax collected at present = Assessed value of real estate at present * Property tax %
Pre-thinking:
value has declinedAs a result , assessed value of that real estate has also declined .
The percentage of assessed value that was paid as property taxes to the city has remained the same .
Total property tax collected 4 years ago = Assessed value of real estate 4 years ago* Property tax %
Total property tax collected at present = Assessed value of real estate at present * Property tax %
Pre-thinking:
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