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Part 3: Answer the following. Property owners pay a tax rate of 2.45% on the...

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Part 3: Answer the following. Property owners pay a tax rate of 2.45% on the assessed value of their property. Find the tax due on property assessed at $269,500. 9. The property tax rate is $2.32 per C. Find the tax due on property assessed at $215,900. 10. If the property tax due was $4800 and the rate was $24.00 per M, find the assessed value of the property 11. A company paid $20,000 in property taxes on a building assessed at $500,000. Find the tax rate in whole mills 12. What is the assessed value of a property whose fair market value is $500,000 and the rate of assessment is 80%? 13. 14. If the assessed value of a property is $600,000 and the fair market value is $800,000, what is the rate of assessment? 15. The assessed value of a property is $1,800,000 and the property tax rate is 15 mills. Find the amount of property tax. 16. What is the assessed value of a property if the property tax rate is $3.12 per C and the amount of property tax is $10,764

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