Real Estate Math
A Wyoming property owner receives a tax bill showing an assessed value of $95,000 and a mill rate of 72.5 mills. What is the tax?
A$688.75
B$6,887.50✓ Correct
C$72,500
D$95,000
Explanation
Property tax = Assessed value x (Mill rate / 1,000) = $95,000 x (72.5 / 1,000) = $95,000 x 0.
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