Calculate the amount of property tax due:
\
table
[
[
Tax rate,Assessed value,
\
table
[
[
Amount of property
]
,
[
tax due
]
]
]
,
[
4
0
 ﻿mills,$
,
6
5
,
0
0
0
,
]
]

To calculate the amount of property tax due, we need to use the formula:

\[
\text{Property Tax Due} = \left( \frac{\text{Tax Rate in Mills}}{1000} \right) \times \text{Assessed Value}
\]

### Given Data:
- **Tax Rate** = 40 mills
- **Assessed Value** = $65,000

### Calculation:
\[
\text{Property Tax Due} = \left( \frac{40}{1000} \right) \times 65,000
= 0.04 \times 65,000
= 2,600
\]

Thus, the property tax due is **$2,600**.

Would you like further details or have any questions?

Here are 5 related questions to explore further:
1. How does a mill rate affect property tax calculation?
2. What other factors influence the assessed value of a property?
3. How are property taxes adjusted if the tax rate changes?
4. Are there any exemptions that could reduce property taxes?
5. What is the difference between assessed value and market value?

**Tip**: Always check for local property tax exemptions or deductions that could reduce your tax burden!

Calculate the amount of property tax due: Tax rate 40 mills, Assessed value $65,000

Learn how to calculate property tax based on a tax rate of 40 mills and an assessed value of $65,000. This detailed solution uses basic arithmetic concepts and the property tax formula to determine that the tax due is $2,600. Ideal for students in Grades 9-12 or anyone learning about property taxes.

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