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Question
Calculate the (a) assessed value, (b) tax rate as a decimal, and (c) real estate tax. Jevon Nada's home has a market value of $72,000, the rate of assessment is 30%, and the tax rate is 85.50 mills.
Solution
VerifiedStep 1
1 of 4(a)
The assessed value is the product of the market value and the rate of assessment.
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