Real Estate Math
A buyer in Nebraska pays $419,000 for a home. The assessed value is 95% of purchase price. At 18 mills, annual taxes are:
A$7,164.90✓ Correct
B$7,542.00
C$6,831.00
D$7,950.00
Explanation
Assessed value = $419,000 × 0.95 = $398,050.
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