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The tax rate on Ned Topolinos 112000 vacation home is 25 mills The property is assessed at full value How much will Ned pay in taxes this year?
Updated: 9/15/2023
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Earn +20 ptsQ: The tax rate on Ned Topolinos 112000 vacation home is 25 mills The property is assessed at full value How much will Ned pay in taxes this year?
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What is 112338 rounded to the nearest thousands?
112000
The tax rate on Ned Topolino's 112000 vacation home is 25 mills The property is assessed at full value How much will Ned pay in taxes this year?
One mill equals 1/10th of a cent (.001). To determine how much Ned will pay in taxes this year, multiply the number of mills by .001. Ned's tax rate is 25 mills. Multiply 25 by .001 = .025 (rate) . Multiply the assessed value (112,000) by the rate (.025) = $2,800. Ned will pay $2,800 in taxes this year.
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1/3 x 112000 = 37333.3 recurring (that is, 37333.3333...)
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