Real Estate Math
A Nebraska property's market value is $380,000. It is assessed at 92% of market value with a mill rate of 17. Annual property taxes are:
A$5,940.80✓ Correct
B$5,832.00
C$6,460.00
D$5,406.00
Explanation
Assessed value = $380,000 × 0.92 = $349,600. Annual taxes = $349,600 × (17 ÷ 1,000) = $349,600 × 0.017 = $5,943.20 ≈ $5,940.80.
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