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?

  1. 👍 0
  2. 👎 1
  3. 👁 1,236
asked by megan
  1. That would be
    Value * rate
    =110,000 *(0.025/1.00)

    1. 👍 1
    2. 👎 0
  2. 2750

    1. 👍 0
    2. 👎 0
    posted by Moon

Respond to this Question

First Name

Your Response

Similar Questions

  1. Math

    Property taxes are placed on the tax roll based on a property's assessed value. If a tax district has a tax rate of 0.4%, then what is the tax owed on a house with an assessed value of $235,000? A. $940 B. $94,000 C. $9,400 D. $94

    asked by Madi on May 8, 2019
  2. 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? write a proportion to solve the question.

    asked by kelly on February 25, 2013
  3. Math

    In Portland, the tax on a property assessed at $590,000 is $6,490. If tax rates are proportional in this city, how much would the tax be on a property assessed at $710,000?

    asked by Brandon on March 3, 2017
  4. 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

    asked by ash on October 16, 2013
  5. 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

    asked by Anonymous on October 16, 2013
  1. 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

    asked by angela on September 9, 2012
  2. Math

    Ms Perez owns 2 properties in different towns. The 1st property is assessed at $125,000 and has a tax rate of $6.35 per 1000 dollars. The 2nd property has the same assessed value, but is taxed at the rate of $0.00587 per dollar.

    asked by Jane on April 19, 2013
  3. business math

    Pete’s Warehouse has a market value of $5,000,000. The property in Pete’s area is assessed at 40% of the market value. The tax rate is $105.10 per $1,000 of assessed value. What is Pete’s property tax?

    asked by na name on September 1, 2012
  4. business math

    Pete's warehouse has a market value of $5,000,000, the property in Pete's area is assessed at 40%of the market value. the tax rate is $105.10 per $1,000 of assessed value. what is Pete's property tax?

    asked by shawn on March 11, 2012
  5. Business Finance

    Pete's Warehouse has a market value of $5,000,000. The property in Pete's area is assessed at 40% of the market value. The tax rate of $105.10 per $1000 of assessed value. What is Pete's property tax?

    asked by Renee on January 30, 2012

More Similar Questions