If the value of the piece of property decreases by 10% while the tax rate on the property increases by 10%, what is the effect on the taxes? If the value of the piece of property decreases by 10% while the tax rate on the property increases by 10%, what is the effect on the taxes? A. taxes increase by 10% C. there is no change in taxes B. taxes increase by 1% D. taxes decrease by 1% Log in or register to post comments Click here to expand or… Jhun Vert Fri, 07/05/2024 - 06:27 Click here to expand or collapse this section x = property value y = tax rate $\text{Tax}_1 = xy$ $\text{Tax}_2 = 0.90x(1.10y) = 0.99xy$ Thus, the tax decreased by 1% Log in or register to post comments
Click here to expand or… Jhun Vert Fri, 07/05/2024 - 06:27 Click here to expand or collapse this section x = property value y = tax rate $\text{Tax}_1 = xy$ $\text{Tax}_2 = 0.90x(1.10y) = 0.99xy$ Thus, the tax decreased by 1% Log in or register to post comments
Click here to expand or…