Question

A house located within the city limits has a current market value of $325,000 according to a recent appraisal. The assessed value from the last county wide tax valuation is $272,475. The tax rate is $0.36 per hundred for the county and $0.72 per hundred for the city. What is the total annual property tax liability on the property? $2340 $3510 $1962 $2943

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