Real Estate Math
An Oregon property's assessed value is $260,000. The applicable tax rate is $18.50 per $1,000. If the taxes are paid in two equal installments, what is each installment?
A$2,405✓ Correct
B$2,340
C$2,275
D$2,405.00
Explanation
Annual tax: $260,000 × ($18.50 ÷ $1,000) = $260,000 × 0.0185 = $4,810. Semi-annual installment: $4,810 ÷ 2 = $2,405.
Related Oregon Real Estate Math Questions
- A 4-unit Oregon rental property generates $1,200/month per unit. Annual operating expenses total $24,000. Using a 7% cap rate, what is the estimated value?
- A building has 10 apartment units, each renting for $1,400/month. The vacancy rate is 8%. Annual operating expenses are $62,400. What is the NOI?
- A property is purchased for $600,000. The buyer makes a 20% down payment and finances the rest. The lender charges a 1% origination fee. What is the origination fee?
- A buyer negotiates a seller credit of $8,000 at closing for needed repairs. The agreed sale price is $385,000. The lender will base the loan on:
- A property generates $3,500 per month in rent. The annual operating expenses are $15,000. The owner's initial investment was $500,000. What is the return on investment (ROI) before debt service?
- A house sold for $440,000. The seller paid $18,000 in closing costs, a 5.5% commission, and had a $275,000 mortgage payoff. What were the seller's net proceeds?
- A property sold for $525,000. The listing broker and selling broker split the 5.5% commission equally. How much does each broker receive?
- A broker charges 1.5% for property management of a 10-unit building. Each unit rents for $1,250/month. What is the broker's annual management fee?
Practice More Oregon Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oregon Quiz →