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Given the following information, calculate the effective tax rate expressed in mills ( not percentage ) : Fair market value of property: $ 2 8

Given the following information, calculate the effective tax rate expressed in mills (not percentage):
Fair market value of property: $280,000
Assessed value of property: 50% of fair market value
Exemptions: $20,000
Annual tax liability: $4,685.10
(Input your answer rounded to the nearest hundredth, e.g.,20.15)

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