Your buyer purchases a property in Rochester for $120,000. It has an assessed value of...
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Accounting
Your buyer purchases a property in Rochester for $120,000. It has an assessed value of $130,000. The annual rate for property taxes is $2.10 per $100 of the property's tax value paid on a semi-annual basis. On the next tax bill, what amount is due?
a. $1,260
b. $1,365
c. $2,100
d. $619
Which option is correct?
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