Real Estate Math
A Warwick, RI property is assessed at 70% of its market value of $380,000. The tax rate is $15.00 per $1,000 of assessed value. What is the annual tax?
A$3,990✓ Correct
B$4,400
C$5,700
D$3,600
Explanation
Assessed value: $380,000 × 0.70 = $266,000.
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