Author Question: Find the tax rate expressed as tax per $1 of assessed value in a municipality that has budgeted ... (Read 30 times)

vHAUNG6011 · **on:** Feb 26, 2020

Question 1

Determine the tax rate. Round to the nearest cent or nearest hundredth.

Assessed property value: $40,356,000
Expenses to be funded by property tax: $2,633,000
Tax per amount of assessed value: mill
◦ 6.52 mills
◦ 1.53 mills
◦ 15.33 mills
◦ 65.24 mills

Question 2

Find the tax rate expressed as tax per $1 of assessed value in a municipality that has budgeted expenses of $5,980,000 and has property assessed at $410,940,000.
◦ 0.15 cents per $1 assessed value
◦ 68.72 cents per $1 assessed value
◦ 6.87 cents per $1 assessed value
◦ 1.46 cents per $1 assessed value

otokexnaru · **Reply #1 on:** Feb 26, 2020

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