Ace the Florida Real Estate Exam 2025 – Unlock Your Agent Superpowers!

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Question: 1 / 400

What was the annual tax bill for the Gomez family's dream home?

$1,262

$1,664

$1,854

$1,907

To determine the annual tax bill for the Gomez family's dream home, it is important to consider how property taxes are calculated. In Florida, property taxes are generally based on the assessed value of the property and the local millage rate, which represents the tax per $1,000 of assessed value.

Given that the correct answer is $1,907, this figure reflects the culmination of these factors. It might have been derived from an estimated assessed value of the home multiplied by the relevant millage rate applicable to the Gomez family's area.

This total indicates that the calculated property value led to a tax obligation within a range typically expected for dream homes in Florida, where property values can be significant depending on location (like coastal areas) and the standard tax rates enforced by local governments.

The other figures represent plausible tax amounts but do not match the calculated tax obligations derived from the assessed value and millage rate. Therefore, $1,907 accurately represents the computed annual property tax assessment for the family's dream home under the conditions provided.

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