Question

The tax rate on Jerome James 112000 vacation home is 25 Mills the property is assessed at full value how much will Jerome pay in tax this year

Answer 1

Jerome would pay $2,800 in property tax.

25 Mills means that Jerome has to pay $25 per $1000 of assessed value.
Since his house is worth 112 thousand, just multiply 25 by 112 and you will have 2800.