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The purchase price for a new home was 230000 the buyer put down 20% and balance was a mortgage for 80% of the purchase price

The purchase price for a new home was 230000 the buyer put down 20% and balance was a mortgage for 80% of the purchase price time of closing was 250000 and the assessed value was 220000. What wil the buyer pay for one years property taxes. Property is located in New Jersey . ( current tax rate in new jersey is 6.625%)

a)440

b)500

c)3680

D)4600

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