Wisconsin Real Estate Sales Practice Exam 2026 – Complete Prep Guide

To find the mill rate, you can use the formula:

\[

\text{Mill Rate} = \left( \frac{\text{Tax Bill}}{\text{Assessed Value}} \right) \times 1000

\]

In this case, the tax bill is $10,725 and the assessed value of the property is $325,000. Plugging in these numbers gives:

\[

\text{Mill Rate} = \left( \frac{10,725}{325,000} \right) \times 1000

\]

Calculating the first part:

\[

\frac{10,725}{325,000} \approx 0.03296

\]

Multiplying by 1000 to convert to a mill rate:

\[

0.03296 \times 1000 \approx 32.96

\]

When rounded, this gives a mill rate of approximately 33. Therefore, the correct answer is 33. This rate indicates the amount of tax payable per one thousand dollars of assessed property value. In the context of the options given, the mill rate is then expressed as a whole number, leading to the appropriate choice.