Multiple Choice
Given the following information, calculate the total annual tax liability of the homeowner. Market value of property: $350,000, Assessed value of property: 40 % of the market value, Exemptions: $2,000, State Millage Rate: 0.25 mills, County Millage Rate: 13.70 mills.
A) $34.50
B) $1,890.60
C) $1,925.10
D) $4,685.10
Correct Answer:
Verified
Correct Answer:
Verified
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