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Mill rate is the tax rate that is applied to the assessed value of a real estate property by a municipality. Your tax is calculated by multiplying the mill rate by the assessed value of a property and dividing by 1,000. If your town's mill rate is 8 and your assessed home value is $188,000, how much will your town tax bill be?

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If your town's mill rate is 8 and your assessed home value is $188,000, your town tax bill will be $1504.

What will be your town tax rate?

Tax is a complusory amount levied by the government or an agency of the government on the sales of goods and services. It is a fomr of transfer of wealth to the government.

Town tax = (8 x $188,000) / 1000 = $1504

To learn more about taxes, please check: https://brainly.com/question/25311567