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 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 2 of $45,909 and $88,229 and during year 1 of $56,843 and $99,651 respectively. What is the depreciation for year 1 and 2? 6. Following up on question 5, what does Kimberly pay in taxes year 1 and year 2 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 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 2 of $45,909 and $88,229 and during year 1 of $56,843 and $99,651 respectively. What is the depreciation for year 1 and 2? 6. Following up on question 5, what does Kimberly pay in taxes year 1 and year 2 if her tax rate is 28%