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You own a home with a market value of $100,000. You bought the home for $150,000 ten years ago. Your house's assessed value is $85,000.

You own a home with a market value of $100,000. You bought the home for $150,000 ten years ago. Your house's assessed value is $85,000. Your property tax rate is 3.5%.

How much would you save per year if you moved to an area with a 2.7% property tax?

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