Real Estate Math
A Rhode Island property has a tax rate of $18.75 per $1,000. If the property is assessed at $310,000, what is the annual tax?
A$5,512.50
B$5,812.50✓ Correct
C$6,012.50
D$6,512.50
Explanation
$310,000 / $1,000 = 310 x $18.75 = $5,812.
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