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Given the following data, compte taxable value: Market value: $100,000. Assessment percentage: 85 percent. Exemption: $10,000. 1. With a tax rate of 25 mills,

Given the following data, compte taxable value: Market value: $100,000. Assessment percentage: 85 percent. Exemption: $10,000. 1. With a tax rate of 25 mills, what is the amount of the property tax? 2. What is the effective property tax rate?

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