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.
2007-05-24 06:15:03
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answer #1
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answered by Anonymous
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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.
2007-05-23 20:19:24
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answer #2
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answered by STEVEN F 7
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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
2007-05-23 19:03:24
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answer #3
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answered by Cundingy 1
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183 1/3%
$33K/$18K = 1.8333
2007-05-23 18:57:11
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answer #4
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answered by Tom S 3
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there are several ways to calculate it.
either ((51000/18000) - 1)*100 or ((51000-18000)/18000)*100 gives the same result...183,33 percent.
2007-05-23 20:22:48
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answer #5
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answered by dirk_vermaelen 4
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