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USE THE FOLLOWING INFORMATION FOR QUESTIONS #11-12: Tax Bill for year ending 12/31/X1 $300,000 Assume we will estimate our 20x2 bill based on the 20X1

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USE THE FOLLOWING INFORMATION FOR QUESTIONS #11-12: Tax Bill for year ending 12/31/X1 $300,000 Assume we will estimate our 20x2 bill based on the 20X1 bill Assume we do not know the actual 20x2 bill until it is sent on: 12/31/X2 Tax Bill for year ending 12/31/X2 $312,000 Property Tax Payment due 2/1/X3

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