Real-World Guide: How Discounts, Taxes, and Inflation are Calculated
Math isn't just for school. See how percentage formulas control your shopping, taxes, bills, and salary in the real world.
Determine the exact percentage increase of any tax bill or tax rate. Essential for homeowners and business owners.
Calculate Tax Hikes & Rate Changes
Related questions
Find the sales tax amount and total price instantly. Enter the original...
Determine the exact percentage of your salary raise. Perfect for annual reviews,...
Measure how much a value has grown as a percentage. Ideal for...
Determine the percentage increase of utility bills, subscriptions, and recurring expenses so...
Hike Formula:
Tax Hike % = ((New Tax − Old Tax) ÷ Old Tax) × 100Taxes rarely go down. Tracking the annual percentage hike helps you predict future costs and vote accordingly on local levies.
$4000 to $4200 (Property)
Result: 5% increase
6% to 7% (Sales Rate)
Result: 16.67% increase (Rate itself)
$1500 to $1800
Result: 20% increase
$10,000 to $11,000
Result: 10% increase
$250 to $275
Result: 10% increase
$5000 to $5500
Result: 10% increase
20% to 22% (Income)
Result: 10% tax bracket increase
$1200 to $1300
Result: 8.33% increase
$300 to $350
Result: 16.67% increase
$6000 to $6300
Result: 5% increase
$2000 to $1800
Result: 10% decrease
$4500 to $4800
Result: 6.67% increase
$800 to $850
Result: 6.25% increase
$150 to $165
Result: 10% increase
$3500 to $3750
Result: 7.14% increase
If a sales tax rate moves from 5% to 6%, that is a '1 percentage point' increase, but a '20% relative increase' in the tax burden.
Either your local government raised the tax rate (mill rate), OR your property's assessed value went up. Often both happen at once.
Math isn't just for school. See how percentage formulas control your shopping, taxes, bills, and salary in the real world.