Question

Shawn pays a rate of 35.55 mills in property tax on a home with an assessed value of $63,500. What is his property tax?

Answer 1

$2257.425

Step-by-step explanation:

A rate of 35.55 mills means that they have to pay 35.55 per each $1000 in the assessed value. If the assessed value is 63,500, we can calculate his property tax as

`63,500*(35.55)/(1000)=2257.425`

Therefore, the answer is $2257.425