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Millville needs to raise $3,557,600 in revenue next year. It expects to receive $160,000 in license fees and raise the rest in property taxes. The town has property with a total assessed value of $274,000,000. What is the tax rate?

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Millville needs to raise $3,557,600 in revenue next year. It expects to receive $160,000 in license fees and raise the rest in property taxes. The town has property with a total assessed value of $274,000,000. What is the tax rate?






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