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A Residence in Sullivan County Has Gross Assessed Value of $15,000

Question 25

Multiple Choice

A residence in Sullivan County has gross assessed value of $15,000. Its owner
qualifies for an old age exemption of $1,000 and a homestead exemption of $2,000. The property tax rate is $5.00 per $100 of assessed value. What will the property tax bill equal on this property?


A) $750
B) $700
C) $650
D) $600

Correct Answer:

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