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Amanda Wolpert’s home in Richmond, Virginia, has an assessed value of $74,200. The tax rate where she lives is 25.13 mills. What is her annual real estate tax? A: $1,957.26 B: $…

Amanda Wolpert’s home in Richmond, Virginia, has an assessed value of $74,200. The tax rate where she lives is 25.13 mills. What is her annual real estate tax? A: $1,957.26 B: $…
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Amanda Wolpert’s home in Richmond, Virginia, has an assessed value of $74,200. The tax rate where she lives is 25.13 mills. What is her annual real estate tax?

A: $1,957.26
B: $1,964.38
C: $1,674.32
D: $1,864.65

User OwN
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1 Answer

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The correct answer is D: $1,864.65.

The tax rate of 25.13 mills means that you have to pay $25.13 for every $1,000 of assessed value of your home.

To find the answer, we just need to divide the value by 1,000 and multiply by 25.13.

74,200 / 1000 x 25.13 = 1,864.65
User Boeprox
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