Real Estate Math
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$4,702.50✓ Correct
B$4,950.00
C$5,500.00
D$3,825.00
Explanation
Assessed value = $225,000 × 0.95 = $213,750.
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