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QUESTION
A new grocery store is expected to have a fair market value of $2,856,000. It will be assessed at 40%, and the tax rate is $5.24 per $100 of assessed value. Find the amount of the property tax.
A new grocery store is expected to have a fair market value of $2,856,000. It will be assessed at 40%, and the tax rate is $5.24 per $100 of assessed value. Find the amount of the property tax.
