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The offices of T&H research are in a building owned by T&H inc that has a fair market value of $ 3 , 1 5

The offices of T&H research are in a building owned by T&H inc that has a fair market value of $

3, 159, 600 .

For tax purposes property is assessed at

27 %

of fair market value. The tax rate is $

12.30

per $

100

of assessed valuation. What is the tax on the property?

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