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29 August, 14:12

John and Mary Billings own a condominium with an assessed value of $110,000. If the tax rate is 25 mills per $1.00 of assessed valuation, how much tax do they pay?

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  1. 29 August, 16:26
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    a mill equals 0.001 so 110,000*.025 = $2,750 tax paid.
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