## Related questions with answers

Question

The regional library system tax rate in Odell County is 2.5 mills per dollar of assessed value. Find the tax to be paid on property assessed at $87,000.

Solution

VerifiedStep 1

1 of 2$\dfrac{2.5 \text{ mills}}{1,000} \times \$87,000 = \$217.50$

The property tax is the product of the tax rate and the assessed value.

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