Real Estate Math
An Indiana homestead deduction reduces an assessed value from $240,000 to $195,000. The tax rate is 1.5%. What are the annual taxes after the deduction?
A$2,925✓ Correct
B$3,600
C$3,685
D$4,500
Explanation
Taxable AV = $195,000. Taxes = $195,000 × 1.
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