document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=398253>Question 398253</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Hi there, \r<BR>\n" );
document.write( "\n" );
document.write( "Just wondering if there is a standard formula to use when working with mill rates and house/property taxes. I.e. what would I use to find the mill rate if one's taxes will be raised by $360,000, and the total assessed property value is $7,200,000?\r<BR>\n" );
document.write( "\n" );
document.write( "Thanks,\r<BR>\n" );
document.write( "\n" );
document.write( "Katelin </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #282304 by </B><A HREF=/tutors/aboutme.mpl?userid=Alan3354><B>Alan3354(69443)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Alan3354><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Alan3354><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=282304\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> what would I use to find the mill rate if one's taxes will be raised by $360,000, and the total assessed property value is $7,200,000?<BR>\n" );
document.write( "-------------<BR>\n" );
document.write( "3.6E5/7.2E6 = 0.05 = 5%<BR>\n" );
document.write( "Millage is 0.1% points<BR>\n" );
document.write( "5% = millage of 50 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );