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Serga [27]
2 years ago
6

The tax rate on Jerome James 112000 vacation home is 25 Mills the property is assessed at full value how much will Jerome pay in

taxes this year
Mathematics
2 answers:
zaharov [31]2 years ago
4 0

Answer: $2,800

Step-by-step explanation:

Given: The assessment value of Jerome's home= $112,000

We know that to calculate the property tax, we need to multiply the assessment value of the property by the mill rate and then divide by 1,000.

Then, the property tax is given by :-

\text{Property tax}=\dfrac{\$112,000\times25}{100}\\\\\Rightarrow=\text{Property tax}=\$2,800

Therefore, Jerome pay $2,800 as property tax in this year.

emmainna [20.7K]2 years ago
4 0

Answer:

Property tax=$2800

Step-by-step explanation:

Given: The assessment value of Jerome's home is given as =112000

Solution: Since we know that in order to calculate the property tax, we need to multiply the assessment value of the property by the mill rate and also divide by 1000.

Then, the property tax is given as :-

Property tax=\frac{112000{\times}25}{100}

Property tax=$2800

Thus, Jerome pay $2,800 as property tax in this year.

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