Question: Mils are often used in calculating a. fire insurance premiums. b. mortgage interest. c. property tax rate. d. real estate commissions.
According to Real Estate Ninja:
Mils, each one-tenth of a cent, are sometimes used to express the tax rate per dollar of assessed value. That would make the answer c.
gpt-4
Real Estate Ninja
https://realestateexamninja.com/california-real-estate-practice-exam/
copyright 2024 realestatebooksai.com - All rights reserved.