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Given the following information, calculate the effective tax rate expressed in mills. Market value of property: $419,127, Assessed value of property: 83% of the market
Given the following information, calculate the effective tax rate expressed in mills. Market value of property: $419,127, Assessed value of property: 83% of the market value, Exemptions: $9,832, Annual tax liability: $4,982.9. Answer should be formatted as a mill rate with two decimal places
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