Real Estate Math
A Nevada property sells for $415,000 with a transfer tax of $1.95 per $500 (Clark County rate). What is the total transfer tax?
A$1,618.50✓ Correct
B$809.25
C$1,621.50
D$3,237.00
Explanation
Transfer tax = (Sale Price ÷ $500) × $1.95.
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