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10 January, 19:22

You own a house and land with an assessed value of $55,580. Every year, you pay a total of $2,834.58 in property taxes. What is your local property tax rate? a. 0.051 b. 0.058 c. 0.019 d. 0.066

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  1. 10 January, 19:49
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    Tax rate = property taxes / assessed value

    = 2,834.58 / 55,580

    = 0.051

    the answer is A.
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