Real Estate Math
A St. Louis county home has an appraised value of $315,000, assessed at 19%, and a tax levy of $8.15 per $100. What is the annual tax?
A$4,900
B$5,105
C$4,881✓ Correct
D$5,500
Explanation
Assessed value = $315,000 × 19% = $59,850. Tax = ($59,850 ÷ $100) × $8.
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