Question: Given the following information, compute the taxable value for the particular piece of property in dollar terms. Market value of property: $547,238, Assessed value

of property in dollar terms. Market value of property: $547,238, Assessed value

Given the following information, compute the taxable value for the particular piece of property in dollar terms. Market value of property: $547,238, Assessed value of property: 82% of the market value of the property, Exemptions: $45,705, Taxes paid: $7,427.79. Answer should be formatted as a dollar amount rounded to the nearest cent.

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