Q:

Cooper Hudson's home is assessed at $375,000. The tax rate is 5.1 mills.What is the tax on Coopers home?

Accepted Solution

A:
To calculate the tax on Cooper Hudson's home, you need to multiply the assessed value of the home by the tax rate. The tax rate is given as 5.1 mills, which means 5.1/1000 or 0.0051. Tax on Cooper Hudson's home = Assessed value of the home * Tax rate Tax on Cooper Hudson's home = $375,000 * 0.0051 Tax on Cooper Hudson's home = $1,912.50 Therefore, the tax on Cooper Hudson's home is $1,912.50.