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(04-6) Given the following information, calculate the total annual tax liability of the homeowner: market valuc of property: S350,000; assessed value of property: 40% of

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(04-6) Given the following information, calculate the total annual tax liability of the homeowner: market valuc of property: S350,000; assessed value of property: 40% of the market value; exemptions: $2,000; state millage rate: 0.25 mills; county millage rate: 13.70 mills. A $34.5 a. 51,925,10 C $4,685.10 D. $1.890.60

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