Real Estate Math
A Nevada property's assessed value is $154,000. The tax rate is $3.40 per $100 of assessed value. What is the annual tax bill?
A$5,236✓ Correct
B$5,376
C$5,440
D$5,500
Explanation
Annual tax = ($154,000 ÷ $100) × $3.40 = 1,540 × $3.
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