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The home you selected to buy is worth $924999. While the assessed value of your home may not be this same amount, you can estimate your annual property taxes using an effective tax rate of 1%. What is 1% of your $924999 home value, rounded to the nearest cent?

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Answer: $9249.99.

Step-by-step explanation:

1. You must first locate 1% of the house's worth. To calculate this, multiply the value of the house by 1%, or 0.01%.

2. Therefore, $924999 x 0.01 = 1% of $924999.

3. Determine the outcome, which is $924999 x 0.01 = $9249.99.

Hence, $9249.99 is the worth of 1% of a $924999 home, rounded to the closest cent.

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