My property value went from $18,000 in 2006 to $51,000 in 2007. What is the percentage of the increase ?
Answers:
That's a 183.33% increase. Congrats! If the property qualifies as your personal residence (i.e. you've lived there for at least two of the past 5 years) the gain would be completely exempt from federal income taxes.
183 1/3%
$33K/$18K = 1.8333
What is the percentage of what?? Are you one of those young high school grads that failed grammer. Incomplete question. I didn't complete high school. I'm a GED achiever; stand and walk tall like The "Rock"!! Anyway, the answer is simple: It's a healthy increase..The government loves TAX!!! They'll tell you the increase, why worry??
Cundingy
The value of your property DID NOT increase from $18,000 to $51,000 in one year. If the tax valuation increased by that amount in one year, the old value was WRONG. That said, $51,000 is 283% of 18,000.
there are several ways to calculate it.
either ((51000/18000) - 1)*100 or ((51000-18000)/18000)*100 gives the same result...183,33 percent.
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