Question

a property has been assessed at £225000.The mill rate is 14.5.To find the property tax you would multiply the mill rate by​

Answer 1

Answer:

this is not answer but you read this and get and

Step-by-step explanation:

Millage,” or “mill rate,” is a term some states and localities use to calculate property tax liability. Properly tax itself is sometimes referred to as “millage tax.” A mill is one one-thousandth of a dollar, and in property tax terms is equal to $1.00 of tax for each $1,000 of assessment. 29 mills, therefore, is equal to $29 for every $1,000 of assessed value, or 2.9%. The tax liability can also be calculated by multiplying the taxable value of the property by the mill rate and then dividing by 1,000.