Real Estate Math
A Wisconsin property has a tax rate of 18 mills and an assessed value of $240,000. What is the annual property tax?
A$3,600
B$4,320✓ Correct
C$4,800
D$5,040
Explanation
Annual tax = $240,000 × (18 ÷ 1,000) = $240,000 × 0.018 = $4,320.
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