Real Estate Math
A property's assessed value is $150,000 and the tax rate is $1.80 per $100 of assessed value. What are the annual taxes?
A$1,800
B$2,100
C$2,700✓ Correct
D$3,000
Explanation
Annual taxes = ($150,000 ÷ 100) × $1.80 = 1,500 × $1.
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