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thanks! Use the following information for the next four questions. Assessment rate: 40% of market value Millage Rate: 6.5 mils 1. What is the market

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Use the following information for the next four questions. Assessment rate: 40% of market value Millage Rate: 6.5 mils 1. What is the market value of a house that pays a tax of $292.50? O $35,000 O $75,000 O $45,000 $112,500 Assessment rate: 40% of market value Millage Rate: 6.5 mils What is the assessed value of a house that pays a tax of $292.50? O $35,000 O $75,000 O $45,000 O $60,000 What is the tax on a $185,000 house? O $48.10 O $481.00 O $120.25 O $1,202.5 What is the tax on a $185,000 house with a homestead exemption of $10,000 (with the exemption applied to market value)? O $1,137.50 O $48,000 O $416 O $455

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