The town of Stratford is setting its property tax rate for the upcoming year. Its budget calls for spending of $220,000,000, and it anticipates receiving $700,000 in non-property tax revenue. It levies a classified rate structure: nonresidential properties pay a rate that is double that applied to residential property. Its residential assessed value equals $4,000,000,000, and its nonresidential assessed value equals $2,800,000,000. What property tax rates will the town set for residential and nonresidential property?