If the assessed value of a property is $33,000 and the mill rate is 50, what is the property tax?

To determine the property tax based on the assessed value and mill rate, you first need to understand how to convert the mill rate into a decimal and then apply it to the assessed value. The mill rate is expressed in mills, where one mill represents $1 per $1,000 of assessed value.

In this case, a mill rate of 50 means that for every $1,000 of assessed property value, $50 will be charged in taxes.

To calculate the property tax:

1. Convert the mill rate to a decimal value: Divide the mill rate by 1,000. This can be calculated as 50 / 1,000 = 0.050.

2. Multiply the assessed value by the mill rate in decimal form:

Property Tax = Assessed Value x Mill Rate

Property Tax = $33,000 x 0.050 = $1,650.

Thus, the correct property tax is $1,650. This aligns with the calculation method for property taxes based on the assessed value and mill rate, confirming that the most appropriate answer is $1,650.