Answered

Looking for reliable answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

The Martz family pays a rate of 37.5 mills the property tax versus value of the home is 68,000 what is the property tax

Sagot :

abiolataiwo2015

If the property tax versus value of the home is 68,000 the property tax is $2,550.

Property tax

Using this formula

Property tax=Mills rate× Property value /1000

Where:

Mills rate=37.5

Property value=$68,000

Let plug in the formula

Property tax=37.5×68,000/1000

Property tax=$2,550,000/1000

Property tax=$2,550

Or

Convert the mills rates to dollar rate amounts by dividing the mill rate by 1,000 and then multiply it by the property value.

Property tax=37.5/1000×$68,000

Property tax=$2,550

Inconclusion the property tax is $2,550.

Learn more about property tax here:https://brainly.com/question/25844719

Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. We hope this was helpful. Please come back whenever you need more information or answers to your queries. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.