QUESTION 3 of 10: Mill rate is the tax rate that is applied to the assessed value of a real estate property by a municipality. Your tax is
calculated by multiplying the mill rate by the assessed value of a property and dividing by 1,000. If your town's mill rate is 8 and your
assessed home value is $188,000, how much will your town tax bill be?

Respuesta :

Answer:

1,504

Explanation:

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The town's tax bill given the mill rate and the assessed value of a property is $1.504.00

What is the town tax bill?

The mill's rate the amount of tax that would be paid per dollar of the assessed value of a property.

Town tax bill = (mill rate x assessed value) / 1000

(8 x 188,000) / 1000 = $1,504

To learn more about taxes, please check: https://brainly.com/question/25311567

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