Real Estate Math
A property has an assessed value of $250,000. The county levy is 12 mills, school levy is 18 mills, and city levy is 5 mills. What are the total annual property taxes?
A$3,000
B$7,500
C$8,750✓ Correct
D$10,000
Explanation
Total mill rate = 12 + 18 + 5 = 35 mills. Taxes = $250,000 × 0.
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