ION
2. Joe owns a house. It has an assessed value of $220,000. The property taxes are
based on 45% of the assessed value. The mill rate is 12.085 for municipal taxes
and 15.285 for school-division taxes. The property has a 50-foot frontage, and
the local improvement tax for street lighting is $3.50 per foot. Joe receives an
education tax credit of $700. How much are the property taxes for Joe's house?
