A property owner who owes 8 mills in school taxes, 10 mills in city taxes
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A property owner who owes 8 mills in school taxes, 10 mills in city taxes

A property owner who owes 8 mills in school taxes, 10 mills in city taxes, and 5 mills in county taxes and who qualifies for a $25,000 homestead exemption would owe how much tax on a property assessed at $80,000?

Hint
Accounts & FinanceA homestead exemption refers to a legal regime that exempts a home from property taxes. It also protects the value of homes of the residents from property taxes, creditors, or the circumstance that may arise when the spouse of the homeowner dies. It ensures that the surviving spouse has shelter....

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