Can someone please explain how you get these answers showing work? Trying to hel

Question

Can someone please explain how you get these answers showing work? Trying to help a friend out

A house was assessed for 75 percent of market value and taxed at a rate of $4.50 per $100 of assessed value. Six years later, the same tax rate and assessment rate still exist, but annual taxes have increased by $850. How much has the dollar value of the property increased? (a) $25,185; (b) $18,888; (c) $51,000; (d) $53,875 A property is sold at market value. The market value and assessed value are the same, the tax rate is $1.75 per $100, and the annual tax if $780.00. What was the selling price of the property? (a) $78,000; (b) $73,280; (c) $136,500; (d) $44,571 When a property has a CAP rate of ten percent, each additional 8 dollars of operating expenses has what affect on the property value? (a) value increases $80; ,(b) value decreases $80; (c) value increases $8; (d) value decreases $8 With fixed rents and a capitalization rate of 8%, an increase in taxes of $4,000 would result in the value of a property: (a) decreasing by $5,000; (b) decreasing by $50,000; (c) remaining unchanged; (d) increasing. a $1,488.40 $1,965.54 a $4,692.92 $1,876.98 $43,787.50 (a) 72, (b) 360; (c) 36, (d) 1,782 60.75 cu. yds. c a d b b

Explanation / Answer

11.dollar value=[(850*100)/4.5]/75%=25185

12.Selling price=(780*100)/1.75=4572

13. b. value decreases $80

14. Value of property =4000/8%=50000

So,b, decreasing by $50000

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.