Multiple Choice
Best Buy has a warehouse with a market value of $5,000,000. The property in Best Buy's area is assessed at 40% of the commercial value. The tax rate is $105.10 per $1,000 assessed value. What does Best Buy pay in property tax?
A) $200,000
B) $210,200
C) $250,000
D) $110,000
E) None of these
Correct Answer:
Verified
Correct Answer:
Verified
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