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Calculate the assessed value (in $) and the property tax due (in $) on the property. (Round your answers to the nearest cent.) begin{tabular}{|c|c|c|c|c|} hline
Calculate the assessed value (in \$) and the property tax due (in \$) on the property. (Round your answers to the nearest cent.) \begin{tabular}{|c|c|c|c|c|} \hline \begin{tabular}{c} Fair Market \\ Value \end{tabular} & \begin{tabular}{c} Assessment \\ Rate \end{tabular} & \begin{tabular}{c} Assessed \\ Value \end{tabular} & \begin{tabular}{c} Property \\ Tax Rate \end{tabular} & \begin{tabular}{c} Property \\ Tax Due \end{tabular} \\ \hline$342,900 & 71 & $ & 5.9% & $ \\ \hline \end{tabular}
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