A hotel property has an ad valorem value of $18,000,000. The millage rate for the local school

Question:

A hotel property has an ad valorem value of $18,000,000. The millage rate for the local school district in which the hotel is located is 2.5. What would be the local school district’s portion of the hotel’s property tax bill? 

a. $45,000

b. $4,500

c. $450

d. $450,000

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: