Real Estate Math
A Maryland property has an assessed value of $350,000 and the county tax rate is $0.98 per $100 of assessed value. The annual property tax is:
A$2,450
B$3,430✓ Correct
C$3,990
D$6,860
Explanation
Tax = $350,000 ÷ 100 × $0.98 = 3,500 × $0.
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