Property is appraised for $158,000 and tax rate is 33 mills. How much tax is due?

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Multiple Choice

Property is appraised for $158,000 and tax rate is 33 mills. How much tax is due?

Explanation:
Property tax in Michigan is figured using mills, which are dollars per $1,000 of value. A mill rate of 33 means $33 for each $1,000 of assessed value. Convert the appraised value to thousands to match the rate: 158,000 ÷ 1,000 = 158. Then multiply by the mill rate: 158 × 33 = 5,214. So the tax due is $5,214.

Property tax in Michigan is figured using mills, which are dollars per $1,000 of value. A mill rate of 33 means $33 for each $1,000 of assessed value. Convert the appraised value to thousands to match the rate: 158,000 ÷ 1,000 = 158. Then multiply by the mill rate: 158 × 33 = 5,214. So the tax due is $5,214.

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