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The Smiths own a home whose market value is $105,000. Their municipality taxes at 85% and the rate is 70 mills or $70 per thousand. What will the Smiths pay in taxes?
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The Smiths own a home whose market value is $105,000. Their municipality taxes at 85% and the rate is 70 mills or $70 per thousand. What will the Smiths pay in taxes?

User MrDumb
by
8.0k points

2 Answers

3 votes

Answer:

6247.50

Explanation:

odyssey ware

User Sarel Esterhuizen
by
8.2k points
0 votes

Answer: 6247.5

Explanation:

85% x 105000 = 89250

70 x 89.25 = 6247.5

User Adam Milligan
by
8.4k points
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