Real Estate Math
A St. Louis area property has an assessed value of $85,000 and a tax rate of $11.20 per $100. What are the annual taxes?
A$9,100
B$9,520✓ Correct
C$8,800
D$7,700
Explanation
Annual taxes = ($85,000 ÷ $100) × $11.20 = 850 × $11.
Related Missouri Real Estate Math Questions
- A Missouri home costs $245,000. The buyer qualifies for a USDA loan with 0% down. The USDA guarantee fee is 1% upfront. How much is the upfront fee?
- A Missouri property manager's client receives monthly rent of $2,200. The manager's fee is 8%. Monthly fee is:
- A Missouri duplex generates $900/month per unit. The investor pays $130,000. What is the GRM?
- A Missouri property is purchased for $175,000. Three years later it sells for $196,000. What is the total appreciation percentage?
- A Missouri investor buys an 8-unit apartment for $560,000. Annual gross rent is $84,000, expenses are $28,000, and vacancy is 5%. What is the cap rate?
- A Missouri loan is being amortized at 6% over 30 years. The monthly payment is $1,199 on a $200,000 loan. After the first payment, how much has the principal been reduced?
- A Missouri agent sells 5 homes in a month with an average price of $240,000. Their commission is 2.7% of each sale. What is their total commission that month?
- 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?
Practice More Missouri Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Missouri Quiz →