Real Estate Math

A Florida property's assessed value is $285,000. After the $50,000 homestead exemption, what is the taxable value and the tax at 19 mills?

A$4,465✓ Correct

BTaxable: $235,000; Tax: $5,415

CTaxable: $285,000; Tax: $5,415

DTaxable: $235,000; Tax: $4,650

Explanation

Taxable value = $285,000 − $50,000 = $235,000. Tax = $235,000 × (19 ÷ 1,000) = $235,000 × 0.

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