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ID: 3031890 • Letter: H

Question

home / study / questions and answers / a city commission has proposed two tax bills. the ... Question: A city commission has proposed two tax bills. The ... Saved A city commission has proposed two tax bills. The first bill requires that a homeowner pay $1400 plus 22% of the assessed home value in taxes. The second bill requires taxes of $600 plus 4% of the assessed home value. What price range of home assessment would make the first bill a better deal for the homeowner?

A home assessment greater than $___ would make the first bill a better deal. I need a $ amount for an answer..

Explanation / Answer

Let the home assessment be $x

So, First Bill = 1400 + 0.22x

Second Bill = 600 + 0.04x

first bill a better deal for the homeowner:

if first bill < second bill

1400 + 0.22x < 600 + 0.04x

0.18x< -800

x < -800/18 .This is an ilogical solution as x cannot be -ve

Please check the values in the question