Real Estate Math
A Boston condo is assessed at $890,000. The property tax rate is $10.98 per $1,000 of assessed value. What is the annual property tax?
A$9,772.20✓ Correct
B$9,800.00
C$8,900.00
D$10,000.00
Explanation
Annual tax = ($890,000 ÷ $1,000) × $10.98 = 890 × $10.
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