A homeowner receives a tax bill that includes an amount for the library district, taxed at $1.00 per $1,000, and the fire protection district, taxed at $2.00 per $1,000. How much does the taxpayer have to pay for these two items if the property's taxable value is $470,000?

$1,410

Explanation:

Given the following :

Library district tax:

$1.00 per $1000

Fire protection district tax:

$2.00 per $1000

TAXABLE value of property = $470,000

Library district tax on property :

($470,000 ÷ $1000) * $1.00

470 * $1.00 = $470

Fire protection district tax on property :

($470,000 ÷ $1000) * $2.00

$470 * $2.00 = $940

Toral tax value :

$940 + $470 = $1,410

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