The City of Weston is preparing it's budget for the calendar year 2020. After estimating revenues from all other sources, the City calculates that it must raise $7,000,000 from property taxes. You are given the following information regarding the tax rate:

            Property taxes to be collected                                                              $7,000,000

            Estimated uncollectible property taxes                                                    $70,707

            The total assessed value of the property at the beginning of 2020           $65,000,000

            The expected reduction in assessed value from appeals                   $200,000

             The assessed value of City property, not subject to tax                  $1,400,000

            Adjustments to assessed values for senior citizen exemptions     $1,000,000

Required:

1. Compute the amount of property taxes required to be levied.
2. Compute the tax rate per $100 of net assessed valuation.
3. Determine the amount of property tax that a homeowner whose property is assessed at $35,000 will have to pay.