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2. A residence has a market value of $340000. The municipality's tax policy is set at 70%. Real estate owners have to pay three separate
2. A residence has a market value of $340000. The municipality's tax policy is set at 70%. Real estate owners have to pay three separate taxes: the municipal tax, a library tax, and an education tax. The tax rates for each are set at 1.311666, 0.007383, and 0.842988, respectively. i. What is the assessed value of the property? S i ii. What is the amount of the municipal tax? $ iii. What is the amount of the library tax? $ i iv. What is the amount of the education tax? $ v. What is the total amount of property taxes to be paid? $
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