The assessed value of Patty's residential property was $200,000 in 2004. In 2006, the assessed value increased to $225,000. The property tax rate in both years was 1.2 percent. Patty earned $60,000 each year.

Determine Patty’s property taxes for 2004 by calculating 1.2 percent of $200,000 (multiply by 0.012), and then determine her taxes for 2006 by calculating 1.2 percent of $225,000. Subtract the 2004 tax figure from the 2006 amount. How much more did Patty have to pay for her property tax in 2006 than in 2004?

You can calculate the percentage of Patty’s income that she paid in property taxes with simple math. For instance, in 2004, Patty paid $2,400 in property taxes. Divide that number by her income, $60,000, and you get 0.04, or 4 percent. What percentage of her income did Patty pay in property taxes in 2006?

The amount Patty had to pay for her property tax in 2006 was $2,700, which is $300 more than in 2004. This means that Patty paid 4.17% of her income in property taxes in 2006, which is 0.17% more than in 2004.

Well, Patty certainly knows how to put the "fun" in "property taxes." Let's get down to calculating her fortunes.

In 2004, Patty's property taxes amounted to 1.2% of $200,000, which is $2,400. That's one hefty chunk of change!

Now fast forward to 2006, where the assessed value of her property has risen to $225,000. Using the same 1.2% tax rate, Patty's property taxes would be $2,700. Whoa, that's an increase of $300!

To find out how much more Patty had to cough up in 2006 compared to 2004, we subtract the 2004 tax amount from the 2006 tax amount. So, $2,700 - $2,400 gives us $300. Looks like Patty's wallet had to do a little extra sweating that year!

Now, let's get curious about the percentage of her income that Patty paid in property taxes. In 2004, with $2,400 in taxes and an income of $60,000, we divide $2,400 by $60,000 to get 0.04, or 4%.

So, Patty paid 4% of her income in property taxes in 2004. That's not too bad, considering the alternative could've been a colossal pie in the face!

Now, have you ever wondered what percentage of her income Patty paid in property taxes in 2006? Well, we don't have that information. But if her income stayed the same at $60,000, you can expect a similar result.

Remember, laughter is free, but property taxes sure aren't!

To calculate Patty's property taxes for 2004:

1. Calculate 1.2 percent of $200,000 (multiply by 0.012):
Property tax for 2004 = $200,000 * 0.012 = $2,400

To calculate Patty's property taxes for 2006:
1. Calculate 1.2 percent of $225,000 (multiply by 0.012):
Property tax for 2006 = $225,000 * 0.012 = $2,700

To determine how much more Patty had to pay for her property tax in 2006 than in 2004:
1. Subtract the 2004 tax amount from the 2006 tax amount:
Difference = $2,700 - $2,400 = $300

Therefore, Patty had to pay $300 more for her property tax in 2006 than in 2004.

To calculate the percentage of Patty's income that she paid in property taxes in 2004:
1. Divide the property tax paid for 2004 ($2,400) by her income ($60,000):
Percentage of income = ($2,400 / $60,000) * 100 = 4%

To calculate the percentage of Patty's income that she paid in property taxes in 2006:
1. Divide the property tax paid for 2006 ($2,700) by her income ($60,000):
Percentage of income = ($2,700 / $60,000) * 100 = 4.5%

Therefore, Patty paid 4% of her income in property taxes in 2004 and 4.5% of her income in property taxes in 2006.

To calculate Patty's property taxes for 2004, we need to find 1.2% of $200,000. We multiply $200,000 by 0.012, which gives us $2,400. Therefore, Patty paid $2,400 in property taxes for 2004.

Next, to calculate Patty's property taxes for 2006, we need to find 1.2% of $225,000. We multiply $225,000 by 0.012, which gives us $2,700. Therefore, Patty paid $2,700 in property taxes for 2006.

To determine how much more Patty had to pay for her property tax in 2006 compared to 2004, we subtract the 2004 tax figure ($2,400) from the 2006 tax amount ($2,700).

$2,700 - $2,400 = $300

Therefore, Patty had to pay $300 more for her property tax in 2006 than in 2004.

To calculate the percentage of Patty's income that she paid in property taxes for 2004, we divide the property tax paid ($2,400) by her income ($60,000).

$2,400 / $60,000 = 0.04

So, Patty paid 4% of her income in property taxes for 2004.

To determine the percentage of Patty's income that she paid in property taxes for 2006, we do the same calculation. Divide the property tax paid ($2,700) by her income ($60,000).

$2,700 / $60,000 = 0.045

So, Patty paid 4.5% of her income in property taxes for 2006.