Question: Terms 2/10, n/30 B. Tan properties has a building with a market value of 2 million in Mason, MI. Assuming a mileage rate of 40

Terms 2/10, n/30

B. Tan properties has a building with a market value of 2 million in Mason, MI. Assuming a mileage rate of 40 mills and the required relationship between market value and assessed valuation (in MI), what is the annual property taxes on this building:

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