Real Estate Math
A Connecticut property tax bill shows an assessed value of $245,000 and a mill rate of 34.5 mills. What is the annual property tax?
A$8,452.50✓ Correct
B$7,350.00
C$8,225.00
D$9,800.00
Explanation
Annual tax = Assessed value × mill rate / 1,000 = $245,000 × 34.5 / 1,000 = $245,000 × 0.
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