Asked by YOYO

The tax rate on Harriet Walker's $80,000 vacation home is 20 mills. The property is assessed at full value. How much will Harriet Walker pay in taxes this year?

A. $640
B. $440
C. $1,600
D. $2,000


Answered by Ms. Sue
"Property tax in dollar terms is calculated by multiplying the assessed property value and the mill rate and dividing by 1,000."

(80,000 * 20)/1000 = ________

http://www.investopedia.com/terms/m/millrate.asp
Answered by Anna
1600
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