Ask Question
17 August, 04:34

You are looking at comparable houses with the same asking prices in neighboring towns. The mill rate in the first town is 20 mills. The mill rate in the second town is 37 mills. Both houses are assessed at $175,000. Mill rate is the tax rate that is applied to the assessed value of a real estate property by a municipality. Your tax is calculated by multiplying the mill rate by the assessed value of a property and dividing by 1,000. What is the dollar difference in annual property taxes based on mill rate between the two towns? a) $1,750 b) $6,475 c) $2,975 d) $3,500

+1
Answers (1)
  1. 17 August, 05:35
    0
    C) is the answer!
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “You are looking at comparable houses with the same asking prices in neighboring towns. The mill rate in the first town is 20 mills. The ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers