Question

Assessed value: $87,000
Tax rate: 21 mills
Tax: ?

Answer 1

I read some info on Investopedia.

A mil is "is one part per thousand, or 0.1%."

So, I would think that the tax total is this product:

.1% of $87 000 times 21 which is .001 * 87 000 * 21 = ?




http://www.investopedia.com/terms/m/millagerate.asp

Answer 2

That product should crank out to be the answer you posted here:
http://openstudy.com/users/godblessyou#/updates/51535519e4b0b79aa9443ac7

Answer 3

@GodBlessYou