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Mr.Jones property is valued at $17,700. It is assessed of $10,000 and is taxed at a rate of $0.36 per dollar. If the tax is increased to $.040 per dollar with the same assessment. How much more tax will Jones be required to pay?
17,770.80-10,000=7,770.80
@claritamontano
okay, wouldn't it be 400?? because you would multiply 10,000 by .36 and then 10,000 by .40 and subtract the difference??
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