Bills home has an assessed value of 180000 The tax rate is 6

Bill’s home has an assessed value of $180,000. The tax rate is 65 mills. What is the tax on Bill’s home?

Solution

1 mill = $0.001
so,
65 mills = 65*$0.001
= 0.065 per dollar

tax = taxrate * assesed value
= 0.065 * $180000
= $11700
Answer: $11700

Bill’s home has an assessed value of $180,000. The tax rate is 65 mills. What is the tax on Bill’s home?Solution1 mill = $0.001 so, 65 mills = 65*$0.001 = 0.065

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