Real Estate Math
A NH property has a tax assessment of $410,000 and the mill rate is 22.5 mills. What is the annual property tax?
A$9,225✓ Correct
B$9,000
C$9,450
D$9,300
Explanation
Annual tax = $410,000 × 22.5 / 1,000 = $410,000 × 0.
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