What will be the change in the property tax from last year

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Question :

The assessed value on a property increased from $285, 000 last year to $298, 000 in the current year. Last year's property tax rate was $1. 56324 per $100 of assessed value .

a) What will be the change in the property tax from last year if the new tax rate is set at $1. 52193 per $100?

b) What would the new tax rate have to be for the dollar amount of the property taxes to be unchanged?

Reference no: EM132316976

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