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The following data are for the town of Paragon ( Paragon is required to produce a balanced budget ) in the fiscal year ending June

The following data are for the town of Paragon (Paragon is required to produce a balanced budget) in the fiscal year ending June 30,2021:
Budgeted town expenditures: $15,000,000.00
Estimated non-property tax revenues: $11,000,000.00
Appraised value of property: $200,000,000.00
Total exemptions for the elderly: $8,000,000.00
Assessment ratio: 60%
Suppose that properties in Paragon are not reassessed for tax year 2021, but new construction increases the total appraised value of the towns taxable property by 2%. Furthermore, assume that non-property tax revenue is estimated to be $10 million for the FY ending 2021(i.e., $1,000,000 lower than FY09), and that budgeted expenditures are estimated to $16,000,000.00.
The property tax bill that the Johnson family would face in 2021 is $____________.
Note: Please provide the numerical answer without the dollar sign and the comma sign (i.e.1,000). Also, round your answer to two decimal places.

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