Real Estate Math
A Seattle property owner's assessed value is $750,000. The tax rate is $12.50 per $1,000 of assessed value. What are the annual property taxes?
A$9,375✓ Correct
B$8,750
C$10,000
D$6,250
Explanation
Annual taxes = $750,000 ÷ $1,000 × $12.50 = 750 × $12.
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