Question

The city is replacing all the streets, curbs, and gutters in Middleville. The homeowners on both sides of the street are charged special assessment taxes to cover the cost. Mr. Kyle has a 120-front-foot lot. The cost of the construction is $90 per front foot for each affected homeowner, and the city will pay 25% of the cost. How much will the cost be to Mr. Kyle in special assessment taxation?

Answer 1

Mr. Kyle will be expected to pay $8,100.

The total cost for his land would be 120 x 90 = 10,800.

Since the city is paying 25%, he must pay the other 75%.

0.75 x 10800 = 8100