Question: Given the following information, compute the taxable value a property in dollar terms: Market value of property: $1,500,000 Assessed value of property: 85 % of

Given the following information, compute the taxable value a property in dollar terms: Market value of property: $1,500,000 Assessed value of property: 85 % of the market value of the property Exemptions: $150,000 Taxes paid: $18,250

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