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26 September, 07:34

Shannon wants to calculate her property tax. The market value of the property is $85,000. The assessment rate is 41%. The property tax rate is $46.30 per $1000 of assessed value. Show all work.

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  1. 26 September, 07:57
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    Given:

    Market VAlue = 85,000

    Assessed value = 41%

    property tax rate is 46.30 per 1,000 of assessed value.

    85,000 * 41% = 34,850

    34,850 / 1000 = 34.85

    34.85 * 46.30 = 1,614.56

    The property tax to be paid is $1,614.56
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