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real estate purposes for 15 years. Class 4c property has a lower class rate for real <br /> estate tax purposes and this will result in a reduction in the real estate taxes paid • <br /> with respect to Chandler Place. Presently Chandler Place is treated as a Class 4a <br /> property, which has a class rate of 3.4%. Class 4c property has a class rate of 2.3%. <br /> JPG:cmn <br /> • <br /> -2= • <br /> DORSEY & WHITNEY LLP <br />