Final answer:
The tax levy for a non-homestead property assessed at $36,000 with a tax rate of 11 mills is $396. This is calculated by converting the mill rate to a decimal ($0.011) and multiplying it by the assessed property value.
Step-by-step explanation:
To calculate the tax levy of a non-homestead property that is assessed at $36,000 with a tax rate of 11 mills, you should first understand what a mill is. One mill represents one-tenth of a cent, which is $1 for every $1,000 of assessed property value. To find the amount of tax, multiply the property's assessed value by the tax rate in decimal form. Since there are 1,000 mills in one dollar, 11 mills is equal to $0.011.
Here's the calculation:
- Convert mills to a decimal: 11 mills = 0.011
- Multiply the assessed value by the converted tax rate: $36,000 * 0.011
- The tax levy is $396.
Therefore, the tax levy for the non-homestead property would be $396.