Real Estate Math
A Wisconsin property with a market value of $310,000 is assessed at 95% of market value. The mill rate is 20 mills. What is the annual property tax?
A$5,890✓ Correct
B$6,000
C$5,700
D$5,006
Explanation
Assessed value = $310,000 × 0.95 = $294,500.
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