4. Joseph buys a home for $325,000. The assessor's office in his county has an assessment rate of 20% and a millage rate of 30 mills. Assuming the assessor's office uses a similar market value as the sales price and the homestead exemption saves a taxpayer $8000, then what is the property tax on Joseph's home and lot? 5. Kimberly has a retail clothing store that makes a net operating income (NOI) of $300,000. She originally purchased the property for $2,500,000 and places $500 a month into escrow for replacement reserves. She estimates the land value to be $400,000. She received a mortgage for $1,625,000. The payments each month include principal and interest during year two of $45,909 and $88,229 and during year one of $56,843 and $99,651 respectively. What is the depreciation for years one and two? 6. Following up on question 5, what does Kimberly pay in taxes year one and year two if her tax rate is 28%? 4. Joseph buys a home for $325,000. The assessor's office in his county has an assessment rate of 20% and a millage rate of 30 mills. Assuming the assessor's office uses a similar market value as the sales price and the homestead exemption saves a taxpayer $8000, then what is the property tax on Joseph's home and lot? 5. Kimberly has a retail clothing store that makes a net operating income (NOI) of $300,000. She originally purchased the property for $2,500,000 and places $500 a month into escrow for replacement reserves. She estimates the land value to be $400,000. She received a mortgage for $1,625,000. The payments each month include principal and interest during year two of $45,909 and $88,229 and during year one of $56,843 and $99,651 respectively. What is the depreciation for years one and two? 6. Following up on question 5, what does Kimberly pay in taxes year one and year two if her tax rate is 28%