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SUBMIT ANSWER (1 Points] DETAILS 3 Calculate the assessed value (in $) and the property tax due (in $) on the property. Fair Market Assessment Assessed Property Property Value Rate Value Tax Rate Tax Due $296,000 80 $25.40 per $1,000 SUBMIT ANSWER - / 1 Points] DETAILS Calculate the property tax rate required to meet the budgetary demands of the community. Note: When calculating budgetary demands, always round up. (Round your answers to two decimal places.) Property Tax Rate Community Total Assessed Total Taxes Property Valuation Required Per $100 Per $1,000 Percent Mills (in $) (in $) Ellingham $56,000,000 $2,600,000 SUBMIT