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Question

Toby and Betty Combs pay $8,719.38 in annual property taxes. Their home has a market value of$361,800.00 with a tax rate of 48.2 mills. What is the rate of assessment in their tax district?

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$361,800.00×x\$ 361,800.00 \times x

The assessed value is the product of the market value and the rate of assessment. Let xx be the rate of assessment.

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