Real Estate Math
A Kansas homeowner's property has an assessed value of $17,250. The mill levy is 130. What are the annual taxes?
A$2,142.50
B$2,242.50✓ Correct
C$2,300.00
D$2,442.50
Explanation
$17,250 × (130 ÷ 1,000) = $17,250 × 0.130 = $2,242.
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