Question

the property tax rate for minneapolis is $8.73 per square foot and the denver rate is $2.16 per square foot. if 3,900 square feet is occupied at each location what is the difference paid in property taxes

Answer 1

$25,623

Explanation:

You can compute the tax at each location, then find the difference, or you can multiply the square footage by the difference in rates.

3900·$8.73 - 3900·2.16 = 3900·($8.73 -2.16) = 3900·$6.57 = $25,623

The difference in property taxes is $25,623.00.