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A residence has a market value of $400,000. The municipality's tax policy is set at 85%. Real estate owners have to pay two separate taxes:

A residence has a market value of $400,000. The municipality's tax policy is set at 85%. Real estate owners have to pay two separate taxes: the municipality tax and an education tax. The tax rates for each are set at 1.5%, and 0.82% respectively. Calculate the total property tax bill

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