Real Estate Math
A NH property's assessed value is $380,000 and the mil rate is 18.4 mills. What is the semi-annual property tax installment?
A$3,496✓ Correct
B$6,992
C$3,800
D$7,000
Explanation
Annual tax = $380,000 × 18.4 / 1,000 = $6,992.
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