The current value of a property is $255,000, and it is assessed at 35% of its current market value. What is the amount of the real estate tax due on the property if the tax rate is $3.50 per $100 of assessed value?

a. 2039.99
b. 2499
c. 1115.63
d. 3123.75

Ans: d. 3123.75

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