Exam (elaborations)
real nj real estate final exam DEC 2023 Practice Questions and Verified Questions
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A tax assessor determined that a commercial building with a 3.5% mortgage has a market value of $400,000. If the assessed value is 60% of market value and the tax rate is 63 1/2 mills, what is the annual tax? A. $5,305.50 B. $8,837.50 C. $15,150.00 D. $25,250.00 - C. 15,150.00 Which of the ...
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