KennisonY424786 KennisonY424786
  • 25-10-2022
  • Mathematics
contestada

Shawn pays a rate of 35.55 mills in property tax on a home with an assessed value of $63,500. What is his property tax?

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TawhidN713011 TawhidN713011
  • 25-10-2022

Answer:

$2257.425

Explanation:

A rate of 35.55 mills means that they have to pay 35.55 per each $1000 in the assessed value. If the assessed value is 63,500, we can calculate his property tax as

[tex]63,500\times\frac{35.55}{1000}=2257.425[/tex]

Therefore, the answer is $2257.425

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