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April 16, 2014

Homework Help: Math

Posted by Anonymous on Wednesday, October 3, 2012 at 5:55pm.

A residential property is assessed for tax purposes at 40% of its market value. The residential property tax is 3 1/3% of the assessed value and the tax is $1200.
a)What is the assessed value of the property?
b) What is the market value of the property?

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