Real Estate Math
A property's tax assessed value is $185,000. The tax rate is $14.50 per $1,000 of assessed value. What are the annual taxes?
A$2,462.50
B$2,682.50✓ Correct
C$1,850.00
D$2,110.50
Explanation
Taxes = ($185,000 ÷ $1,000) × $14.50 = 185 × $14.
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