Finance第 81 / 100 题
Using an annual property tax rate of $2.50 per $100 of assessed value, the annual tax on a home assessed at $180,000 is:
a.$450
b.$5,400
c.$4,500
d.$45,000
解析
Divide the assessed value by 100: $180,000 / 100 = 1,800 units. Multiply by the rate: 1,800 x $2.50 = $4,500. Property taxes are calculated from the assessed value, which may differ from market value.
免费刷完整 100 道题库 — 无需注册。
同考点相关题目
- A key purpose of the secondary mortgage market, including entities like Fannie Mae and Freddie Mac, is to:
- The Truth in Lending Act (Regulation Z) requires lenders to disclose the:
- A property has a net operating income of $24,000 and sold for $300,000. What is the capitalization rate?
- A conventional loan is best described as one that is:
- A prepayment penalty in a mortgage is a charge for:
- The account in which a lender holds a portion of a borrower's monthly payment to pay property taxes and insurance is the: