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Given the Following Information, Compute the Effective Tax Rate for the Particular

Question 36

Multiple Choice

Given the following information, compute the effective tax rate for the particular piece of property in percentage terms. Market value of property: $325,000, Assessed value of property: $250,000, Exemptions: $50,000, Taxes paid: $5,363.


A) 1.50%
B) 2.35%
C) 1.65%
D) 2.68%

Correct Answer:

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