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How much property tax will Perez pay this year

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Question - Perez, Inc., is headquartered in an area in which assessed valuation is 60% of market value. The tax rate this year is $1.8 on each $400 of assessed valuation. Its property has a market value of $290,000. How much property tax will Perez pay this year? Enter your answers rounded to the nearest cent.

Reference no: EM132480300

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