The johnsons own a home whose market value is $93,000. their municipality taxes at 80% and the rate is 65 mills or $65 per thousand. what will the johnsons pay in taxes?

6760

Step-by-step explanation:

80% x 93000 = 74400

74.4 x 65 = 6760

He paid $ 4836 in taxes.

Step-by-step explanation:

Here, the total value of the house = $ 93,000

And, the amount on which municipal taxes imposed = 80% of the value of house

= 80% of 93000

=  0.8 × 93000

= $ 74,400

Now, the tax rate is $65 per thousand,

⇒ ,

⇒

⇒  

Thus, he paid $ 4836 in taxes.

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