A tax rate of $0.0711 in decimal expressed per $1,000 of assessed valuation is equal to:
A)$71.1
B)$7.11
C)$0.0711
D)$0.00711
E)None of these

Name: A tax rate of $0.0711 in decimal expressed per $1,000 of assessed valuation is equal to: A)$71.1 B)$7.11 C)$0.0711 D)$0.00711 E)None of these
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Question

Quizplus · Accepted Answer

To convert a tax rate expressed in decimal per $1,000 of assessed valuation to an actual dollar amount, you multiply the decimal rate by $1,000. Therefore, $0.0711 * $1,000 = $71.1.

A Tax Rate of $0