A school district’s property tax rate rises from 2.5% to 2.7% to cover a $300,000 budget deficit (shortage of money). What is the value of the property in the school district to the nearest dollar? (Note: Property is assessed at 100% of its value.)
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What is the value of the property in the school district to the nearest dollar? (Note: Property is assessed at 100% of its value.).
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