QUESTION 4 of 10: Real estate taxes for commercial property in your town are $11 per $1,000 assessed value. You plan on buying a
rundown property for $200,000 and putting in $300,000 in improvements. Which of the following is the best estimate of your yearly real
estate taxes?
a) $2,000
b) $3,000
c) $5,500
d) $11,000