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OpenStudy (anonymous):
In New York, the tax on a property assessed at $770,000 is $16,940. If tax rates are proportional in this city, how much would the tax be on a property assessed at $710,000?
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OpenStudy (gw2011):
The property tax rate would be: 16,940/770,000 = 0.022 (0.022)(710,000) = $15,620 tax
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