Real Estate Math
A property is assessed at 33.33% of its market value of $360,000. The tax rate is $7.50 per $100 of assessed value. What are the annual property taxes?
A$9,000✓ Correct
B$900
C$27,000
D$3,000
Explanation
Assessed value = $360,000 × 33.33% = $120,000 (approximately).
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