Question

A homeowner receives a tax bill that includes an amount for the police district, taxed at $2.50 per $1,000, and the fire protection district, taxed at $1.80 per $1,000. How much does the taxpayer have to pay for these two items if the property's taxable value is $77,000?

Answer 1

$331.1

Step-by-step explanation:

The property's taxable value are the financial worth attributed to a property by the tax authority , which serves as the basis on which tax returns are computed for such property.

Workings

Taxable value of the property = $77,000

Police district tax calculated at $2.5 per $1,000 = 77,000/1000*2.5 = 192.5

Fire protection district tax at $1.8 per $1,000 = 77,000/1000* 1.8 = 138.6

Tax liability due for payment = $331.1