Real Estate Math
A property tax bill is $5,400/year. What is the daily tax rate (using 365 days)?
A$14.79/day✓ Correct
B$15.00/day
C$12.50/day
D$18.00/day
Explanation
Daily rate = $5,400 ÷ 365 = $14.79/day. Using the values given ($5,400), apply the appropriate formula.. The correct answer is $14.79/day.. This is a common calculation on the Georgia real estate exam.
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