essarr wrote:

eschn3am wrote:

it's hard to explain, but the 10% increase isn't referring to an additional 10% of tax on the houses but an increase of 10% of the 10%.

.1 x 1.1 = .11

10% x 1.1 = 11%

then I just plugged in numbers

100,000 x .1 = 10,000

90,000 x .11 = 9,900

decrease of 1%

Still don't understand the wording too well; can someone elaborate on this?

Thanks!

Lets say value of the property is $V and tax on that $V is T% . Hence the tax amount on the $V is = $VT

now value is decreased by 10 % ( 0.9V) and tax increased by 10% ( 1.1 T) , the new tax amount is 0.9V*1.1T = 0.99VT

Hence new tax amount decreases by 0.01VT ( i.e 1% the original)

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