Real Estate Math
A Nevada property has an assessed value of $210,000 and a tax rate of $2.80 per $100 of assessed value. What is the annual property tax?
A$4,200
B$5,040
C$5,880✓ Correct
D$6,300
Explanation
Annual tax = ($210,000 ÷ 100) × $2.80 = 2,100 × $2.
Related Nevada Real Estate Math Questions
- A Nevada property sells for $415,000. Transfer tax in Clark County is $1.95 per $500 of consideration. What is the transfer tax?
- A Nevada listing agreement calls for a 6% commission on a $275,000 sale. The listing broker and selling broker split the commission 50/50. How much does each broker receive?
- A Nevada property is assessed at 35% of its $600,000 market value. The tax rate is $3.50 per $100. What is the annual property tax?
- A 5,000 sq ft Nevada commercial building rents at $18 per sq ft annually. The owner wants a 7.5% cap rate. What is the property's estimated value if expenses are $30,000/year?
- A Nevada buyer closes on a $350,000 home on March 15. Annual property taxes are $4,200 (paid in arrears). The seller owes taxes from Jan 1 to March 15. How many days does the seller owe? (Use 30-day months)
- A property's assessed value is $375,000. The tax rate is $1.20 per $100 of assessed value. What are the annual property taxes?
- A Nevada property sells for $485,000 with a 3% commission to the listing broker. The listing broker splits the commission 50/50 with the buyer's broker. What does the listing salesperson earn if they receive 60% of their broker's share?
- A Nevada agent earns a 3% commission on a $550,000 sale. The agent splits 50/50 with their broker. How much does the agent receive?
Practice More Nevada Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nevada Quiz →