John and Mary Billings own a condominium with an assessed value of $110,000.?
If the tax rate is 25 mills per $1.00 of assessed valuation, how much tax do they pay?
I canot figure out how to do this if some one could please help it would be greatly apriceated.
A mill is one thousandth of a dollar. 25 mills is the same as 2.5 cents.
$0.025 x $110,000 = $2750 in tax
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