contestada

Norman Pruitt’s home has an assessed value of $175,000. The tax rate where he lives is 13 mills. What is his annual real estate tax?
A) $13,000
B) $17,500
C) $1,275
D) $2,275

Respuesta :

Answer:

The correct option is:   D) $2,275

Step-by-step explanation:

Norman Pruitt’s home has an assessed value of $175,000.

We know,  1000 mills = 1 dollar.

So, 13 mills [tex]=\frac{13}{1000}dollar = 0.013[/tex] dollar.

Thus, the tax rate is 0.013 dollar.

So, the amount of tax on an assessed value of $175000 will be:  [tex](175000\times 0.013) dollars = 2275[/tex] dollars.

Thus, his annual real estate tax is $2275.

Otras preguntas