Real Estate Math
A Kentucky property is assessed at 100% of market value at $320,000. The tax rate is $1.10 per $100. What is the quarterly tax payment?
A$880✓ Correct
B$3,520
C$1,100
D$1,760
Explanation
Annual tax = ($320,000 ÷ 100) × $1.10 = 3,200 × $1.
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