How much does the average homeowner pay in property, Financial Management

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How much does the average homeowner pay in property

Homeowners enjoy many benefits, including a federal tax deduction for state and local property taxes paid. Des Moines, Iowa, was voted one of the top 100 best places to live in 2011 by Money Magazine. With a median home price of $215,000 and property taxes at 27.45 mills, how much does the average homeowner pay in property taxes? (Round your answer to the nearest cent.)

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