Grade 9 Real Estate Math Worksheet
A worksheet for Grade 9 students covering real estate math concepts such as property taxes, mortgage calculations, and commission.
Includes
Standards
Topics
Real Estate Math
Name:
Date:
Score:
Read each question carefully and show all your work. Use the provided space for your answers.
1. If a house is assessed at $300,000 and the property tax rate is 1.5%, the annual property tax will be .
2. A property has an annual tax bill of $4,500. If the tax rate is 1.2%, the assessed value of the property is .
1. Which of the following is typically NOT included in a mortgage payment?
Principal
Interest
Property Taxes
Utility Bills
1. A real estate agent earns a 6% commission on a house sale. If the house sold for $450,000, how much commission did the agent earn?
1. Closing costs are expenses incurred by buyers and sellers when transferring ownership of a property.
True
False
2. A down payment is the full amount of money paid upfront for a property.
True
False
1. A buyer secured a mortgage for $280,000 to purchase a house valued at $350,000. Calculate the loan-to-value (LTV) ratio.
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