Real Estate Math
A Nebraska property is in Township 15 North, Range 5 East. The township is located how many miles north of the baseline?
A60 miles
B72 miles
C84 miles✓ Correct
D90 miles
Explanation
Each township is 6 miles north-south. Township 15 North = 15 × 6 = 90 miles north of the baseline. Township 15 North = 15 townships × 6 miles = 90 miles north. Correct answer is 90 miles.
Related Nebraska Real Estate Math Questions
- A commercial lease provides $24/sq ft/year on 3,500 sq ft. The landlord receives 70% of gross rent after paying 20% to the property manager and 10% for reserves. What does the landlord net annually?
- A Nebraska property sells for $520,000. The seller's mortgage balance is $340,000 and they paid $8,200 in seller closing costs plus a 5% commission. How much does the seller receive?
- A Nebraska property's assessed value is $195,000. The assessment ratio is 100% of market value. The mill rate is 22 mills. Annual property taxes are:
- Using straight-line depreciation, a residential rental property with improvements valued at $210,000 has an annual depreciation deduction over the IRS 27.5 year life of approximately:
- A Nebraska investor in a 24% tax bracket owns a rental property with $8,000 in taxable depreciation deductions. The annual tax savings from depreciation are:
- A 1/4 section of Nebraska farmland sells at $8,200/acre. The total sale price is:
- A Nebraska commercial lease is $18/sq ft/year for 2,500 sq ft. Monthly rent 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?
Practice More Nebraska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nebraska Quiz →