. A couple bought a property ten years ago to use as. A second home...
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. A couple bought a property ten years ago to use as. A second home on weekends. This second homeis taxed on the basis of 60% of assessed value, at the rate of $2.50 per hundred. This has been the case for the last five years. However, since the year they bought, their yearly taxes have increased by $450. In the yes of hate tax assessor, how much as the property increased in value?
10. The assessed value of all property in a certain city is $120 million. The city budget is $5,040,000. Your property is assessed at $350,000. What are your taxes?
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