Question

Please express your answer in each of the four ways (i.e. percent, tax rate per $100, tax rate per $1,000, and mills) for the property tax when it is 0.026 of the assessed value.

Answer 1

Answer:

A tax rate of 0.026 means that:

A percentage of 2.6% is charged on the assessed value of the property.

For every $ 100 assessed in the value of the property, you must pay $ 2.6

For every $ 1000 assessed in the value of the property, you must pay $ 26

For every $ 1000000 valued at the value of the property, you must pay $ 26000

Step-by-step explanation: