SC Real Estate Math Terms Study Guide
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How many days in a year - Answer✔365
How many square feet in a acre - Answer✔43,560
How many feet in a mile - Answer✔5,280
How many square feet in a square yard - Answer✔9
How many feet in a yard - Answer✔3
How many cubic feet in a cubic yard - Answer✔27
Formula for Property Taxes - Answer✔Assessed Value x Rate (4% or 6%) x Millage
Formula for Deed Stamp (no mortgage assumed) - Answer✔sale price rouned up to closest
$500 / $500 x $1.85
Formula for Deed Stamp (mortgage assumed) - Answer✔Sale price - assumed mortgage rouned
up to closest $500 / $500 x $1.85
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