Mr$.$ Smith qualifies for homestead exemption. He is a widower and has an additional exemption because he is blind. The county millage rate is $73/4$ mills, the city millage rate is $61/2$ mills, and the school millage rate is $91/4$ mills. If the property is assessed at $$125,000,$ how much is his tax bill reduced by exemptions?

Answer rating: 100% (QA)

To calculate Mr Smiths tax bill reduction due to exemptions we need to determine the taxable value o... View the full answer