Determine the tax rate for each city or county. An equal number of zeros in the numerator and denominator can be reduced to facilitate calculator entry. Calculate the property tax on a store with an assessed value of $150,250 if the tax rate is 58 mills per $1.00 of assessed value. The property tax is S (Round to the nearest cent.) What is the tax rate expressed as tax per $1000 of assessed property value in a county that has property assessed at $185,950,000 and has budgeted expenses of $5,840,000 ? Tax rate =$ (Round up to the nearest cent.)