A property with an assessed value of $330,000.00 is subject to a 29.3809 mill rate. What is the property tax? Round to the nearest cent.
Added by Trevor H.
Close
Step 1
3809 / 1000 = 0.0293809 Show more…
Show all steps
Your feedback will help us improve your experience
Haricharan Gupta and 79 other Algebra educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
A property has been assessed at $340 000. What is the property tax given a mill rate of 14.5?
Haricharan G.
Nathan purchased an industrial lot in Sudbury for $900,000 and it was assessed at 75% of its purchase price. The annual property tax on the lot is 25 mills. Property Tax = (Assessed Value / 1000) x Mill Rate a. Calculate the assessed value of the lot. Round to the nearest cent b. Calculate the property tax he would have to pay every year. Round to the nearest cent
Vishal P.
In Exercises $25-60$ solve the problem by first setting up a proportion or an equation. Round off your answers to the nearest hundredth. Lena owns a home in a town in which the property tax rate is $\$ 6.58$ per $\$ 1,000$ of assessed value. Lena's home is assessed at $\$ 187,500,$ and she receives a tax bill for $\$ 1,357.85 .$ Is her tax bill correct? If not, what should it be?
Rational Expressions
Ratio and Proportion
Recommended Textbooks
Elementary and Intermediate Algebra
Algebra and Trigonometry
Transcript
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD