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Amanda Wolpert's home in Richmond, Virginia, has an assessed value of $74,200. The tax rate where she lives is 25.13 mills. What is her annual real estate tax? A. $1,964.38 B. $1,864.65 C. $1,674.32 D. $1,957.26
B. $1,864.65
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Asked 11/23/2010 9:38:09 PM
Updated 7/31/2023 12:29:03 AM
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To calculate Amanda Wolpert's annual real estate tax, follow these steps:

Step 1: Convert the tax rate from mills to a decimal.
The tax rate is 25.13 mills, which means 25.13/1000 = 0.02513 (as a decimal).

Step 2: Multiply the assessed value by the tax rate to find the annual tax.
Annual real estate tax = $74,200 * 0.02513

Step 3: Calculate the result:
Annual real estate tax $1,864.65

So, Amanda Wolpert's annual real estate tax is approximately $1,864.65,
Added 7/31/2023 12:29:03 AM
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