The tax rate on Jennifer's house is 28 mills per dollar. The market value of her house is $185,000 and the assessed value is 75%. How much tax is due?

Question

Quizplus · Accepted Answer

First, we need to find the assessed value of Jennifer's house:

Assessed Value = Market Value x (Assessment Rate/100)
Assessed Value = $185,000 x (75/100)
Assessed Value = $138,750

Next, we can calculate the tax due:

Tax Due = Assessed Value x (Tax Rate/1000)
Tax Due = $138,750 x (28/1000)
Tax Due = $3,885

Therefore, the best choice is B, $3,885.

The Tax Rate on Jennifer's House Is 28 Mills Per