Real Estate Math
A Nebraska property appraised at $340,000. The county assesses at 95% of appraised value. The mill rate is 18.5 mills. Annual taxes are:
A$5,823.50
B$5,985.50✓ Correct
C$6,290.00
D$6,460.50
Explanation
Assessed value = $340,000 × 95% = $323,000. Annual taxes = $323,000 × 18.
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