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Homeowners enjoy many benefits, including a federal tax deduction for state and local property taxes paid. Des Moines, Iowa, was voted one of the top

Homeowners enjoy many benefits, including a federal tax deduction for state and local property taxes paid. Des Moines, Iowa, was voted one of the top 100 best places to live by Money Magazine. With a median home price of $125,000 and property taxes at 27.27 mills, how much does the average homeowner pay in property taxes? (Round your answer to the nearest cent.)

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