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9 August, 06:20

If Inga Ingerton's property, valued at $35,000, is assessed at 40% of its value, and the mill levy is 83, then what is Inga's annual tax on this property?

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  1. 9 August, 07:34
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    Annual tax = $ 1162

    Step-by-step explanation:

    Property value = $35000

    To calculate annual tax:

    Assessed value = $35000 * 0.40

    = $ 14000

    annual tax on assessed value:

    Annual tax = $14000 * 0.083

    = $1162
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