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OpenStudy (anonymous):
The Myers owned a house assessed at $54,000 and taxed at a tax rate of 18 mills. How much is their annual property tax?
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jimthompson5910 (jim_thompson5910):
When they say 18 mills, that just means you're multiplying the value of the home by 18/1000 to get (18/1000)*54000 (0.018)*54000 972 which is the annual property tax
OpenStudy (anonymous):
Thank you! That makes sense. :)
jimthompson5910 (jim_thompson5910):
yw
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