Question

The tax rate on jerome james 112,000 vacation homes 25 miles the poverty is a settled out full value how much will jerome pay in taxes this year?

Answer 1

Jerome James will pay $2,800 in property taxes this year. This calculation is based on an assessed property value of $112,000 and a tax rate of 25 mills per $1,000 of assessed value.

If the assessed value of Jerome James's property is $112,000 and the tax rate is 25 mills per $1,000 of assessed value, then the property tax can be calculated as follows:

`\[ \text{Property Tax} = \left(\frac{\text{Tax Rate}}{1,000}\right) * \text{Assessed Value} \]`

Substituting the given values:

`\[ \text{Property Tax} = \left((25)/(1,000)\right) * 112,000 \]\[ \text{Property Tax} = 2,800 \]`

Therefore, Jerome James will pay $2,800 in property taxes this year. Your understanding and calculation are correct.