Real Estate Math
A Nebraska property has a front footage of 60 feet on Main Street. The assessor values it at $850 per front foot. The assessed value is:
A$48,000
B$51,000✓ Correct
C$54,000
D$57,000
Explanation
Assessed value = Front footage × Value per front foot = 60 × $850 = $51,000. Front foot valuation is common for commercial properties where street frontage is a primary value driver.
Related Nebraska Real Estate Math Questions
- An appraiser uses a GRM of 105 on a property with monthly rent of $1,200. What is the estimated value?
- A 40-acre parcel of Nebraska farmland sells for $7,200 per acre. What is the total sale price?
- Annual property taxes are $3,600 on a home with an assessed value of $180,000. What is the tax rate per $100 of assessed value?
- A Nebraska apartment complex costs $2,400,000. The land is worth $350,000 and the improvements $2,050,000. Using IRS straight-line depreciation for residential rental property (27.5 years), the annual depreciation deduction is:
- A Nebraska investor paid $180,000 for a rental property and sells it 5 years later for $225,000. The appreciation rate over the 5 years as a percentage of original cost is:
- Property taxes on a $225,000 home are assessed at 95% of value with a rate of 22 mills. What are the annual taxes?
- A Nebraska property has a taxable value of $195,000 and the tax rate is 1.85%. What are the annual property taxes?
- A salesperson receives 60% of the commission and the broker receives 40%. The total commission on a $280,000 sale at 5.5% is split how much to the salesperson?
Practice More Nebraska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nebraska Quiz →