Real Estate Math
A South Carolina property assessed at $85,000 (at 4% legal residence ratio) with a 175 mill rate—what is the annual tax?
A$595✓ Correct
B$680
C$765
D$850
Explanation
Taxable value = $85,000 × 4% = $3,400. Tax = $3,400 × 175/1000 = $3,400 × 0.
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