The millage rate in an area is 12.43 mills. What is the amount of property tax for a $141,300 house? Enter your answer as a dollar value, such as: 3456.78

Amount of property tax for a $141,300 house with millage rate in an area 12.43 mills is $1756.36.

Step-by-step explanation:

A millage rate is the tax rate used to calculate local property taxes. It represents the amount per every $1,000 of a property's assessed value.

We have, 12.43 mills (12.43/1000) as millage rate i. e. which means for every $1,000 assessed value, $12.43 in property taxes is due.

∴ Homeowner owes : $141,300 * (12.43/1000) = $1756.36 property tax.