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The Martz family pays a rate of 37.5 mills the property tax versus value of the home is 68,000 what is the property tax

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Abiolataiwo2015idn

If the property tax versus value of the home is 68,000 the property tax is $2,550.

Property tax

Using this formula

Property tax=Mills rate× Property value /1000

Where:

Mills rate=37.5

Property value=$68,000

Let plug in the formula

Property tax=37.5×68,000/1000

Property tax=$2,550,000/1000

Property tax=$2,550

Or

Convert the mills rates to dollar rate amounts by dividing the mill rate by 1,000 and then multiply it by the property value.

Property tax=37.5/1000×$68,000

Property tax=$2,550

Inconclusion the property tax is $2,550.

Learn more about property tax here:https://brainly.com/question/25844719

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