Real Estate Math
A Kansas property has a market value of $175,000. It is assessed at 11.5% of market value. The mill levy is 120 mills. What are the annual property taxes?
A$2,415✓ Correct
B$21,000
C$2,100
D$24,150
Explanation
Assessed value = $175,000 x 0.115 = $20,125.
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