A change from 76 to 95 represents a positive change (increase) of 25%
Percent change = [(New - Old ) / |Old|] x 100%
Percent change = [(95 - 76) / |76|] x 100 = [(19) / 76] x 100 = 25 % (increase)
Where: 76 is the old value and 95 is the new value. In this case we have a positive change (increase) of 25 percent because the new value is greater than the old value.
Assessed Value = (Fair Market Value) x (0.40) Where 0.40 is the decimal equivalent of 40%. Tax Rate = $5.24/$100 of assessed value = $0.0524 per dollar of assessed value. Taxes = (Assessed Value) x (Tax Rate) = (Assessed Value) x ($0.0524) Hope this helps!