Real Estate Math
A property's assessed value is $320,000 and the tax rate is $14.75 per $1,000. What is the annual property tax?
A$4,720✓ Correct
B$4,840
C$5,120
D$4,012
Explanation
Annual tax = ($320,000 ÷ $1,000) × $14.75 = 320 × $14.
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