Real Estate Math
Vermont's PTT on a $500,000 residential sale is:
A$2,500
B$5,500✓ Correct
C$6,250
D$6,000
Explanation
PTT: 0.5% x $100,000 = $500; 1.
Related Vermont Real Estate Math Questions
- A Vermont property's assessed value is $225,000 and the tax rate is $1.45 per $100 of assessed value. What is the annual property tax bill?
- A Vermont real estate agent sells 18 properties in a year at an average price of $325,000. If the agent earns 2.5% commission on each, what is their total annual commission income?
- A Vermont seller accepts an offer of $419,000. The listing broker's commission is 5%. The listing and selling brokers split it 55%/45%. How much does the selling (buyer's) broker receive?
- A Vermont property purchased for $210,000 is assessed at 85% of fair market value. If the tax rate is $2.10 per $100 of assessed value, what is the annual tax?
- A Vermont buyer obtains a $300,000 mortgage at 7% for 30 years. Using a factor of $6.65 per $1,000, what is the approximate monthly payment?
- Using the cost approach, a Vermont building has a replacement cost of $320,000, land value of $80,000, and accrued depreciation of $48,000. What is the estimated value?
- A Vermont buyer pays 2 points on a $250,000 loan. How much are the points in dollars?
- A Vermont investment property costs $560,000 and has an annual NOI of $44,800. What is the cap rate?
Practice More Vermont Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Vermont Quiz →