Joseph buys a home for $325,000. The assessor's office in his county has an assessment rate of 20% and a millage rate of 30 mills. Assuming the assessor's office uses a similar market value as the sales price and the homestead exemption saves a taxpayer $8000, then what is the property tax on Joseph's home and lot?

Answer rating: 100% (QA)

The millage rate represents the amount per every 1000 of a prope... View the full answer