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Carol and Bill Waters have owned their home in valley Meadow in California since 1974. Waters receive a homeowners exemption. There are no additional assessments.

Carol and Bill Waters have owned their home in valley Meadow in California since 1974. Waters receive a homeowners exemption. There are no additional assessments. The current assessed value of the Waters home is 197000 based on Proposition 13. What tax do the Waters currently pay?

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