Real Estate Math
A West Virginia property's tax assessed value is $90,000. The tax rate is $2.50 per $100 of assessed value. What is the annual property tax?
A$1,800
B$2,250✓ Correct
C$900
D$2,500
Explanation
Tax = $90,000 / 100 x $2.50 = 900 x $2.
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