In Saint-Lazare, Quebec, the average market value of a residential home in 2010 rose to $308,000 from its previous 2009 value of $262,000. The residential property tax rate was lowered from 2009 to 2010 by 9.8918% to 0.583. In Saint-Lazare, the tax policy is to tax 100% of the market value. By what percentage did the residential property tax bill go up or down in 2010 for a Saint-Lazare residential homeowner?

An invoice for $13,398.25 dated August 27 with terms of 5/10, 2/25, n/45 was partially paid on September 7. If the invoice balance was reduced to $2,598.25, what was the amount of the payment? Assume the payment was received on the date indicated.

Answer rating: 100% (QA)

To calculate the percentage change in the residential property tax bill we need to first calculate t... View the full answer