Assessment for Sidewalk Replacement Project Calculation

What will Laura's assessment be for the sidewalk replacement project if her property has 60 feet of the 900-foot sidewalk and the total project cost is $18,000 to be paid by a special assessment?

Final answer:

Laura's property comprises 1/15 of the total sidewalk, therefore her assessment for the sidewalk replacement would be 1/15 of the total project cost. This equates to $1,200.

Understanding the Calculation:

Laura's Assessment for Sidewalk Replacement Project:
To determine Laura's assessment for the sidewalk replacement project, we must first establish the proportion of the sidewalk length that belongs to her property.

Given Data:
- Laura's property covers 60 feet of the 900-foot sidewalk. - The total project cost is $18,000 to be paid by a special assessment.

Calculating Laura's Proportion:
Laura's 60 feet represent a fraction of the total sidewalk length. This fraction can be determined by dividing Laura's portion by the entire sidewalk length. Therefore, Laura's proportion is 60/900, which simplifies to 1/15.

Calculating Laura's Assessment:
Since Laura's property accounts for 1/15 of the sidewalk, her assessment will also be 1/15 of the total project cost. By multiplying 1/15 by the total cost of $18,000, we find that Laura's assessment amounts to $1,200.

Conclusion:
The correct assessment for Laura in the sidewalk replacement project scenario is $1,200. This calculation is based on the proportion of the sidewalk length that belongs to her property within the context of the total project cost. Therefore, Laura would need to contribute $1,200 towards the sidewalk replacement project.

← Estimating cost of equity for trahan lumber company Optimistic outlook for september sales and warranty expenses →

More Posts: