### 5.3 Property Tax

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• Math Help

To change the tax rate in Example 4 to decimal form, divide by 1000, as shown.

• Consumer Suggestion

Considering moving to another state? These tax components may influence your decision.

• Checkpoint Solution

The graph shows that the homestead tax credit is about \$255 for a property with an assessed value of \$125,000. So, the property tax is

The homeowner pays \$8495 for property tax.

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