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Homeowners enjoy many benefits, including a federal tax deduction for state and local property taxes paid. Des Moines, Iowa, was voted one of the top 100 best places to live in 2011 by Money Magazine. With a median home price of $135,000 and property taxes at 27.29 mills, how much does the average homeowner pay in property taxes?

What does the average homeowner pay? (show work)

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Financial Management, Finance

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