The Dunnan family pays a rate of 37.5 mills in property tax. The assessed value of the home is $85,000. What is their property tax?​

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The Dunnan family pays a rate of 37.5 mills in property tax. The assessed value of the home is $85,000. What is their property tax?​
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The property tax paid by the Dunnan family based on their millls and the assessed value of the home is $31,875.

What is the property tax?

Property tax is the tax that is paid on property that is owned. Tax is a form of complusory payment made to the government.

Property tax = (mills /100) x assessed value

(37.5/100) x 85000 = $31,875

To learn more about taxes, please check:  

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