A property is assessed at $250,000. The tax rate is $2.50 per $100. What is the annual tax?
Question & Answer
Review the question and all answer choices
$5,000
$6,250
$7,500
$2,500
Why is this correct?
$250,000 ÷ $100 = 2,500. $2,500 × $2.50 = $6,250.
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