Knightstown has a property tax base with an appraised value consisting of 142,000,000 of taxable real property and 78,000,000 of taxable personal...

Knightstown has a property tax base with an appraised value consisting of 142,000,000 of taxable real property and 78,000,000 of taxable personal property. the assessment ratio is 50 percent. exemptions for he elderly redue assessed value by 3,000,000. the city has planned budget of 3,5000,000 and expects to receive 750,000 in non-proptery tax revenue. what is the statutory property tax rate? what is the effective property tax rate? what is the city property tax bill of a property that has an appraised value of 42,000.?