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 tax this year
1 answer:
Jerome would pay $2,800 in property tax. 25 Mills means that Jerome has to pay $25 per $1000 of assessed value. Since his house is worth 112 thousand, just multiply 25 by 112 and you will have 2800.
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