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With the following information, compute the property tax rate for the community. Total budget expenditures: $40 million, Total nonproperty tax income: $5 million, Total taxable

With the following information, compute the property tax rate for the community. Total budget expenditures: $40 million, Total nonproperty tax income: $5 million, Total taxable value: $1 billion, Total exemptions: $250 million

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