Real Estate Math
A Nevada property was assessed at $180,000 (assessed value). The tax rate is $3.50 per $100 of assessed value. If the tax rate increases to $3.65 per $100, how much more will the owner pay annually?
A$270✓ Correct
B$630
C$270.00
D$189
Explanation
Old tax = ($180,000 ÷ $100) × $3.50 = 1,800 × $3.
Related Nevada Real Estate Math Questions
- A Nevada building has 20 units, each renting for $950/month. At 95% occupancy, what is the annual EGI?
- A Nevada investor purchases a rental property for $280,000 and wants a 12% annual return. What minimum annual gross income must the property generate?
- A Nevada property is listed at $350,000. After 90 days, the price is reduced by 8%. What is the new listing price?
- A Nevada investor paid $180,000 for a lot 5 years ago and just sold it for $240,000. What was the percentage increase in value?
- A Nevada commercial building has a NOI of $95,000 and sells at a 6.5% cap rate. What is the sale price?
- A Nevada property has a 7.5% cap rate. If the property is valued at $1,200,000, what is the annual NOI?
- A Nevada seller nets $315,000 after paying a 6% commission. What was the sale price?
- A Nevada property owner pays annual property taxes of $3,600. If the tax rate is 3%, what is the assessed value?
Practice More Nevada Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nevada Quiz →