Real Estate Math
A Maryland property's assessed value increases by 10% (the Homestead Tax Credit cap). The previous assessed value was $300,000. The new taxable value is:
A$270,000
B$300,000
C$330,000✓ Correct
D$360,000
Explanation
The Homestead Tax Credit caps taxable assessment increases at 10%. New value = $300,000 × 1.10 = $330,000.
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