Real Estate Math
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$720✓ Correct
B$648
C$864
D$540
Explanation
Annual tax = $480,000 × 18/1,000 = $8,640. Monthly escrow = $8,640 / 12 = $720.
Related New Hampshire Real Estate Math Questions
- A salesperson earns 60% of the total 5% commission on a $380,000 sale. How much does the salesperson earn?
- A rectangular lot measures 150 feet by 200 feet. How many acres is the lot?
- A NH seller accepts an offer of $392,000. The commission is 5% and the seller also pays $4,800 in closing costs. What is the seller's net proceeds?
- A NH property has a gross income multiplier (GIM) of 9 and generates $78,000 in gross annual income. What is the estimated property value?
- A NH income property has a 92% occupancy rate and 60 total units renting at $950/month. What is the effective gross monthly income?
- A NH property sells for $487,000. Each party pays their $0.75/$100 transfer tax. What does the seller pay?
- A NH building has 8 units renting at $1,100/month each. Annual operating expenses are $32,000. The cap rate is 8%. What is the estimated property value?
- A NH buyer pays $355,000 for a home. The NH transfer tax is $1.50/$100. What is the TOTAL transfer tax paid by both buyer and seller combined?
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 →