Real Estate Math
A Vermont home sells for $375,000. The Vermont Property Transfer Tax for a non-primary-residence buyer is 1.45% of the purchase price. What is the tax?
A$3,750
B$5,438✓ Correct
C$5,625
D$4,313
Explanation
Property Transfer Tax = $375,000 × 0.0145 = $5,437.
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