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A what is the assessed value of the property b what is the

A residential property is assessed for tax purposes at 40% of it's market value. The residential property tax rate is 3 1/3 % of the assessed value and 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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Mathematics: A what is the assessed value of the property b what is the

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