Real Estate Math
A property's assessed value is $180,000 and the tax rate is $2.50 per $100 of assessed value. What are the annual property taxes?
A$4,500✓ Correct
B$3,600
C$45,000
D$2,250
Explanation
$180,000 ÷ $100 = 1,800. Annual taxes = 1,800 × $2.
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