To calculate Harriet Walker's taxes on her vacation home, we need to determine the assessed value of the property based on the given information.
The tax rate is 20 mills, which means that for every dollar of assessed value, Harriet will pay 0.02 dollars in taxes. Since the property is assessed at full value, the assessed value is the same as the property's market value, which is $80,000.
So, Harriet's tax liability for the year can be calculated as follows:
Tax liability = Tax rate * Assessed value
Tax liability = 0.02 * $80,000
Tax liability = $1,600
Therefore, Harriet Walker will pay $1,600 in taxes this year on her vacation home.
The tax rate on Harriet walkers 80,000 vacation home is 20 mills the property is assessed at full value how much will Harriet walker pay in taxes this year
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