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Calculate the tax rate in mills given the following information: - Property assessed valuation =$2 billion - Property exemptions =$550 million - Income from sources

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Calculate the tax rate in "mills" given the following information: - Property assessed valuation =$2 billion - Property exemptions =$550 million - Income from sources other than property tax =$50 million - Budgeted expenditures =$108 million 40 mills 100 mills 120 mills 25 mills

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