Real Estate Math
A Hawaii property has a total assessed value of $650,000. The tax rate is $6.00 per $1,000. What is the semi-annual property tax payment?
AA. $1,950✓ Correct
BB. $3,900
CC. $7,800
DD. $1,000
Explanation
Annual tax = $650,000 / $1,000 × $6.00 = $3,900.
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