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What is the tax on a property with an assessed value

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Reference no: EM131629073

Question: 1. Rebecca Drewrey owns a small telephone company that has a market value of $1,895,000. If the phone company is assessed at 50% of market value, what is the assessed value of the property?

2. What is the tax on a property with an assessed value of $88,500 if the tax rate is 4.5% of the assessed value?

Reference no: EM131629073

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