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2. Monroe county levies a tax on the value of real property located within the county. The tax equals 3 percent of the property's assessed

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2. Monroe county levies a tax on the value of real property located within the county. The tax equals 3 percent of the property's assessed value up to $2 million plus 1 percent of the value in excess of $2 million. a. Compute the tax on real property valued at $1.3 million. b. Compute the tax on real property valued at $4.5 million

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