Question 1
Find the property tax on a property with an assessed value of $40,760 in a community with a tax rate of $14.50 per $1000 of assessed value.
◦ $28,110.30
◦ $2811.03
◦ $59.10
◦ $591.02
Question 2
Calculate the property tax on a store with an assessed value of $140,000 if the tax rate is 58 mills per $1.00 of assessed value.
◦ $812.00
◦ $81,200.00
◦ $2413.79
◦ $8120.00