Real Estate Math
A property sells for $330,000. The NH Real Estate Transfer Tax portion owed by the buyer is:
A$4,950
B$2,475✓ Correct
C$3,300
D$1,650
Explanation
Buyer's share = $0.75 per $100 = 0.75% × $330,000 = $2,475. Using the values given ($330,000), apply the appropriate formula.. The correct answer is $2,475.. This is a common calculation on the New Hampshire real estate exam.
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