Real Estate Math
A Missouri home has a market value of $255,000 and is assessed at 19%. The county tax rate is 86 mills. What is the annual tax?
A$4,163✓ Correct
B$4,588
C$4,929
D$5,100
Explanation
Assessed value = $255,000 × 19% = $48,450. Tax = $48,450 × 86/1000 = $48,450 × 0.
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