Real Estate Math
A $350,000 property is assessed at 70% of market value. The tax rate is 18 mills. What is the annual tax?
A$4,410✓ Correct
B$6,300
C$3,150
D$5,040
Explanation
Assessed value = $350,000 × 70% = $245,000. Tax = $245,000 × 0.
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