smithly
Answered

The tax rate on Harriet Walker's $80,000 vacation home is 20 mills. The property is assessed at full value. How much will Harriet Walker pay in taxes this year?

A$640
B$440
C$1,600
D$2,000

Verified Answer :

meerkat18

20 mills means that you have to pay $20 for every 1,000 of value.

The standard computation of tax based on the millage rate is to multiply the rate to the value of the property and divide the product by 1,000.

20 x $80,000 = $1,600,000
$1,600,000 ÷ 1,000 = $1,600

Harriet Walker should pay C.) $1,600 for property tax.

Prettigirlcrazi95

Answer:

C. $1,600

Step-by-step explanation:

80,000÷1,000*20=1,600. Therefore the tax she will pay this year is $1,600. Mill rate is per thousand

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