33 (14 points). Reginald lives in a community with a homestead exemption of $50,000 and where assessed value is 50% of market value. He owns a home that has a market value of $480,000. Relevant property taxes are due to the county (22 mills), city (5 mills), and water authority (9 mills). What are Reginalds property tax liability and effective property tax rate? Round any percentages to at least the hundredth of a percent (such as 12.34%, 56.70%, 9.00%, .1234, .5670, or .0900).