math
posted by YOYO .
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

"Property tax in dollar terms is calculated by multiplying the assessed property value and the mill rate and dividing by 1,000."
(80,000 * 20)/1000 = ________
http://www.investopedia.com/terms/m/millrate.asp 
1600
Respond to this Question
Similar Questions

math
A couple was assessed property taxes of $1938.90 on a home valued at $168,600. What might Frank expect to pay in property taxes on a home he hope to purchase in the same neighborhood if it has a value of $118,300? 
finance
Knight has a property tax base with an appraised value consisting of $142,000,000 of taxable real property and $78,000,000 of taxable personal property. The assessment ratio is 50%. Exemptions for the elderly reduce assessed value … 
math
In Chicago, the tax on a property assessed at $550,000 is $7,700. If tax rates are proportional in this city, how much would the tax be on a property assessed at $920,000? 
math
1. Eliza Savage received a statement from her bank showing a checking account balance of $324.18 as of January 18. Her own checkbook shows a balance of $487.38 as of January 29. The bank returned all of the cancelled checks but three. … 
math
1. Eliza Savage received a statement from her bank showing a checking account balance of $324.18 as of January 18. Her own checkbook shows a balance of $487.38 as of January 29. The bank returned all of the cancelled checks but three. … 
Consumer Math
The tax rate on Harriet Walkers 80,000 vacation home is 20 mills. The property is assessed at full value. How much will Harriet Walker pay in taxes this year? 
math
John and Mary Billings own a condominium with an assessed value of $110,000. If the tax rate is 25 mills per $1.00 of assessed valuation, how much tax do they pay? 
Math
3. 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? 
Math
The tax rate on Ned Topolino's $112,000 vacation home is 25 mills. The property is assessed at full value. How much will Ned pay in taxes this year? 
Economics
The assessed value of Patty's residential property was $200,000 in 2004. In 2006, the assessed value increased to $225,000. The property tax rate in both years was 1.2 percent. Patty earned $60,000 each year. Determine Patty’s property …