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Real Estate MathMEDIUMFREE

A property is assessed at $250,000. The tax rate is $2.50 per $100. What is the annual tax?

2:50
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Question & Answer

Review the question and all answer choices

A

$5,000

B

$6,250

Correct Answer
C

$7,500

D

$2,500

Why is this correct?

$250,000 ÷ $100 = 2,500. $2,500 × $2.50 = $6,250.

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