Steven Young purchased a home with a market value of $173,000. The assessment rate in the country is 60% and the property tax rate is 17.32 mills. What is the amount of property tax? (Round to the nearest cent)

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The Answer of Steven Young purchased a home with a market value of $173,000. The assessment rate in the country is 60% and the property tax rate is 17.32 mills. What is the amount of property tax? (Round to the nearest cent)

Steven Young Purchased a Home with a Market Value of $173,000