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George's property has a market value of $1,500,000. It is assessed at 70% of its market value for tax purposes. If the mill rate is
George's property has a market value of $1,500,000. It is assessed at 70% of its market value for tax purposes. If the mill rate is currently 25.00 mills and taxes are forecast to increase 4% per year, what will the annual tax be next year? $37,500 $38,625 $26,250 $27,300
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