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4. You own property in a city where the tax rate if $3.50 per $100 of assessed valuation. Your taxes are $3.365 annually on a

4. You own property in a city where the tax rate if $3.50 per $100 of assessed valuation. Your taxes are $3.365 annually on a property which has a market value of $60,000. What is the assessment ration?

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