Real Estate Math
A Wyoming property's assessed value is $42,000 with a tax rate of 65 mills. What is the annual property tax?
A$2,058
B$2,310
C$2,730✓ Correct
D$3,150
Explanation
Annual tax = $42,000 × (65 ÷ 1,000) = $42,000 × 0.065 = $2,730. Using the values given ($42,000), apply the appropriate formula.. The correct answer is $2,730.. This is a common calculation on the Wyoming real estate exam.
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