Mike's condo has a market value of 31. the property in mikes area is assessed at 40% of the market value. the tax rate is 145.10 per 1000 of assessed valuation. the tax for mike is

If you would like to know Mike's tax, you can calculate this using the following steps:

a market value ... 310000
the property ... 40% of the market value = 40% * 310000 = 40/100 * 310000 = 124000

the tax rate ... 145.10 per 1000 of assessed valuation
145.10 ... 1000 of assessed valuation
x ... 124000 of assessed valuation

145.10 * 124000 = 1000 * x     /1000
x = 145.10 * 124000 / 1000
x = 17992.4 (Mike's tax)

The correct result would be: Mike's tax is 17992.4.