Question

A homeowner receives a tax bill that includes an amount for the library district, taxed at $2.00 per $1,000, and the fire protection district, taxed at $3.00 per $1,000. How much does the taxpayer have to pay for these two items if the property's taxable value is $78,000?

Answer 1

if the property's assessed value is $78,000, it means that it will be taxed for $78,000 / $1,000 = 78 mills

• library district taxes are $2 per mill, total taxes = $2 x 78 = $156
• fire protection district taxes are $3 per mil = $3 x 78 = $234

*All property taxes are calculated using mills.