Real Estate Math
A property is assessed at $180,000 and the tax rate is $14 per $1,000 of assessed value. What is the annual property tax?
A$2,160
B$2,340
C$2,520✓ Correct
D$2,700
Explanation
Annual tax = ($180,000 / $1,000) x $14 = 180 x $14 = $2,520. Using the values given ($180,000, $14), apply the appropriate formula..
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