Real Estate Math第 115 / 120 题
A property is assessed at $180,000 and the tax rate is $2.50 per $100 of assessed value. What is the annual property tax?
a.$450
b.$1,800
c.$2,500
d.$4,500
解析
Divide the assessed value by 100 to get the number of taxable units: $180,000 / 100 = 1,800. Multiply by the rate: 1,800 x $2.50 = $4,500.
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