Question: Given the following information, compute the taxable value for the particular piece of property in dollar terms: Market value of property: $2,500,000 Assessed value of

Given the following information, compute the taxable value for the particular piece of property in dollar terms: Market value of property: $2,500,000 Assessed value of property: 95 % of the market value of the property Exemptions: $250,000 Taxes paid: $100,250

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