A tax assessor has determined that the fair market value of a property is $140,000. If the assessed value is 50% of fair market value and the tax levy is 42 mills, what are the annual taxes?

a. 667

b. 1,176

c. 1,667

d. 2,940

2. The insurance premium on a commercial property is $9,000. It is due on January 1 and was paid in advance. The sale of the property closed on July 16 Assuming a 360-day year and the buyer paying for the day of closing, what is the buyers prorated share of the premium at closing?

a. 4,125

b. 4,150

c. 4,850

d. 4,875

Which of the following analyses must be prepared by a certified appraiser?

a. a competitive market analysis for a buyer or seller

b. a price opinion for a lender involved with a short sale transaction

c. an analysis to determine a projects estimated market capture and capitalization rate

d. a property valuation report supporting a federally-related loan application