How much are Mr. Smith's property taxes for the year if the assessed value is $150,000 with a total millage rate of 25 mills?

To calculate Mr. Smith's property taxes, you use the assessed value of his property and the millage rate. The millage rate is expressed in mills, where one mill is equal to $1 for every $1,000 of assessed value.

First, convert the millage rate from mills to a decimal for calculation. Since 1 mill equals $1 per $1,000, a millage rate of 25 mills translates to $25 per $1,000 of assessed value.

To find the total property tax, follow these steps:

1. Divide the assessed value by 1,000: [ \frac{150,000}{1,000} = 150 ]

2. Multiply the result by the millage rate: [ 150 \times 25 = 3,750 ]

This gives the total property tax amount of $3,750.

Thus, the correct amount of Mr. Smith's property taxes for the year is $3,750. The choice given as the correct answer does not seem to align with the calculation of property taxes based on the given assessed value and millage rate.

For clarity on the context of the numbers:

• If the