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1.The town of Oakdale assesses property at 70% of market value. The tax rate is 2.3%. A hospital has a total market value of $850,000.

1.The town of Oakdale assesses property at 70% of market value. The tax rate is 2.3%. A hospital has a total market value of $850,000. How much does the hospital save by being exempt from property taxes?

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