The property taxes on a business office were $1170. What was the tax rate if the business office was valued at $195,000?

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter15: Choice Of Business Entity—other Considerations
Section: Chapter Questions
Problem 72P
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The property taxes on a business office were $1170. What was the tax rate if the business office was valued at $195,000?

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