If the property tax versus value of the home is 68,000 the property tax is $2,550.
Property tax
Using this formula
Property tax=Mills rate× Property value /1000
Where:
Mills rate=37.5
Property value=$68,000
Let plug in the formula
Property tax=37.5×68,000/1000
Property tax=$2,550,000/1000
Property tax=$2,550
Or
Convert the mills rates to dollar rate amounts by dividing the mill rate by 1,000 and then multiply it by the property value.
Property tax=37.5/1000×$68,000
Property tax=$2,550
Inconclusion the property tax is $2,550.
Learn more about property tax here:https://brainly.com/question/25844719
