Real Estate Math
A NH property's market value is $385,000. The town assesses it at 85% of market value. The tax rate is $18.50 per $1,000 of assessed value. What is the annual tax?
A$7,123
B$6,052✓ Correct
C$7,128
D$5,775
Explanation
Assessed value = 85% × $385,000 = $327,250. Annual tax = ($327,250 / 1,000) × $18.
Related New Hampshire Real Estate Math Questions
- A NH property has a $3,200/month gross rent and 10% vacancy. Annual operating expenses are $9,800. At a 7% cap rate, what is the indicated value?
- A NH buyer puts 25% down on a $340,000 home. At closing, the buyer also pays 1.5 discount points. What is the total dollar amount of the points paid?
- A NH buyer takes an FHA loan. The purchase price is $280,000. The upfront MIP is 1.75%. What is the upfront MIP amount?
- A NH seller's home has been on the market for 120 days. Days on market (DOM) is calculated from the date the property was listed in the MLS to the date it received an accepted offer. If listed June 1 and accepted October 28, what is the DOM?
- A NH property's market value is $480,000. The assessed value is 100% of market. The tax rate is 18 mills. What is the monthly tax escrow payment?
- A NH apartment building has 12 units, each renting at $1,100/month. The expense ratio is 40%. At an 8.5% cap rate, what is the estimated value?
- A NH property investor uses a gross rent multiplier of 10. If the monthly gross rent is $2,500, what is the estimated property value?
- A buyer in New Hampshire purchases a home for $310,000 with a 5% down payment. What is the loan amount?
Practice More New Hampshire Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Hampshire Quiz →