Real Estate Math
A Hawaii property's assessed value is $600,000 at a 100% assessment ratio. The tax rate is $3.25 per $1,000. What is the annual property tax?
A$1,625
B$1,950✓ Correct
C$2,000
D$2,250
Explanation
Tax = ($600,000 ÷ $1,000) × $3.25 = 600 × $3.
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