Real Estate Math
A Kansas property's assessed value is $22,425 and the mill levy is 110. What is the annual property tax?
A$2,024.25
B$2,242.50
C$2,466.75
D$2,467.50✓ Correct
Explanation
$22,425 × (110 ÷ 1,000) = $22,425 × 0.110 = $2,466.
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