Question

the home of bill burton is assessed at $91,000. the tax rate is 18.5 mills. what is the property tax on bills home?

Answer 1

$1683.50

Explanation:

You are expected to know that a "mill" is one thousandth of a dollar. In this context, it is the amount of tax on one dollar of assessed valuation. So, the tax amount is found by multiplying the valuation by 18.5/1000:

tax = 0.0185 · $91,000 = $1683.50