Real Estate Math
If a Wyoming property's assessed value is $180,000 and the mill rate is 65 mills, what is the annual property tax?
A$1,170
B$1,800
C$11,700✓ Correct
D$65,000
Explanation
1 mill = $1 per $1,000 of assessed value. Property tax = $180,000 x (65 / 1,000) = $180,000 x 0.
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