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Suppose the Assessment rate is 40% of market value and the mill levy equals 6.5 mils.What are the property taxes owed on a house with

Suppose the Assessment rate is 40% of market value and the mill levy equals 6.5 mils.What are the property taxes owed on a house with a market value of $185,000?

$48.10

$481

$120.25

$1202.50

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