Real Estate Math
A Virginia property had assessed value of $300,000 and a tax rate of $0.96 per $100. The county reassesses all properties at 10% higher. What is the new tax bill?
A$3,168✓ Correct
B$2,880
C$3,456
D$3,200
Explanation
New assessed value = $300,000 × 1.10 = $330,000.
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