Wen Hung Is Buying a Building to Open an Alterations

Multiple Choice

Wen Hung is buying a building to open an alterations business. One building costs $205,000 with a property tax rate of $4.45 per $100 on 60% assessed value. A second building costs $195,000 with a property tax rate of 42 mills per dollar on 75% assessed value. What is the difference in the property tax amounts?

A) $669
B) $875
C) $932
D) $1,125