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Compute the assessed value of the shop

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Reference no: EM131629053

Question: 1. The 7th Inning Sports Memorabilia Shop has a market value of $1,800,000 and is assessed at 40% of its market value. Find the assessed value of the shop.

2. Find the property tax on a home with an assessed value of $85,250 if the property tax rate is 9.58% of the assessed value.

Reference no: EM131629053

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