Real Estate Math
A Wisconsin property with a market value of $180,000 is assessed at 95% of market value. The tax rate is 22 mills. What is the annual tax?
A$3,564
B$3,762✓ Correct
C$3,960
D$4,158
Explanation
Assessed value = $180,000 × 95% = $171,000. Tax = $171,000 × 22/1,000 = $171,000 × 0.
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