Real Estate Math
A property has an assessed value of $180,000 and a mill levy of 52 mills. What is the annual property tax?
AA. $9,360✓ Correct
BB. $936
CC. $3,462
DD. $9,600
Explanation
Property Tax = Assessed Value × Mill Levy ÷ 1,000. $180,000 × 52 ÷ 1,000 = $180,000 × 0.
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