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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:
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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 Deb
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The correct answer is D: $1864.65.

If the tax rate is 25.13 mills, that means you have to pay $25.13 per $1,000 of assessed value.

Just take the value divide it by 1000 and multiply by 25.13 to find the total cost.

74200 / 1000 x 25.13 = 1864.65
User Josephap
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