Real Estate Math
A Missouri property has an assessed value of $47,500 and a tax rate of $9.00 per $100 of assessed value. What is the monthly tax escrow needed?
A$356.25✓ Correct
B$475.00
C$400.00
D$315.00
Explanation
Annual tax = ($47,500 ÷ $100) × $9.00 = 475 × $9.
Related Missouri Real Estate Math Questions
- A Missouri single-family rental property sold for $155,000. Annual gross rents are $13,200. The gross rent multiplier (annual) is approximately:
- A Missouri buyer's debt-to-income ratio is 42%. Monthly gross income is $5,500. Maximum total monthly debt allowed is:
- A Missouri property has an annual NOI of $72,000 and a cap rate of 6%. If the cap rate rises to 7.5%, the property's value would change from $1,200,000 to:
- A Missouri property is purchased for $195,000. The buyer makes an earnest money deposit of 2%. Earnest money is:
- A Missouri buyer offers $267,500 for a home listed at $279,000. The list-to-offer ratio is approximately:
- A Missouri farm is described as Township 47 North, Range 28 West. Each township is 6 miles square. The area of one township is:
- A Missouri commercial lease is $24 per square foot per year for 3,500 square feet. Monthly rent is:
- A Missouri listing agreement has a 90-day term with a 6% commission. The house sells for $312,000. How is the commission split if the listing broker keeps 60% and cooperating broker gets 40%?
Practice More Missouri Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Missouri Quiz →