Real Estate Math
A Hawaii property's assessed value is 85% of its market value. If the market value is $720,000 and the tax rate is $3.20 per $1,000 of assessed value, what are the annual property taxes?
AA. $2,304.00
BB. $1,958.40✓ Correct
CC. $2,460.00
DD. $1,843.20
Explanation
Assessed value = $720,000 × 85% = $612,000. Annual taxes = $612,000 / $1,000 × $3.
Related Hawaii Real Estate Math Questions
- A property has an NOI of $60,000 and a cap rate of 5%. What is the indicated value?
- A Hawaii homeowner owes $320,000 on their mortgage. Their home is worth $500,000. What is their loan-to-value ratio?
- A Hawaii FSBO property is listed at $595,000 and the seller offers a 2.5% co-op commission to buyer's agents. If a buyer's agent brings a buyer who purchases at full price, what is the commission paid?
- A Hawaii property has a net income of $36,000 per year and a cap rate of 8%. Using income capitalization, what is the estimated value?
- A Hawaii property's potential gross income is $132,000 with a 6% combined vacancy and credit loss rate. Operating expenses are $47,520. What is the NOI?
- An investor purchases a Hawaii rental for $800,000 with a down payment of 25%. What is the loan amount?
- A Hawaii property purchased for $500,000 has appreciated 25%. The seller pays a 5% commission and $8,000 in other closing costs. What is the seller's net profit?
- A Hawaii leasehold property has 35 years remaining on the ground lease with annual rent of $12,000/year. How much total ground rent remains?
Practice More Hawaii Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Hawaii Quiz →