Real Estate Math
A Cincinnati property's market value is $420,000. At 35% assessment and 70 mills, what is the annual tax?
A$9,800
B$10,290✓ Correct
C$10,500
D$12,600
Explanation
Assessed value = $420,000 × 35% = $147,000. Annual tax = $147,000 × 0.
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