10. Calculate the property tax rate required to meet the budgetary demands of the community. Note: When calculating budgetary demands, always round up. (Round your answers to two decimal places.) Community Total Assessed Property Valuation Total Taxes Required Property Tax Rate Percent? Per $100 (in $)? Per $1,000 (in $)? Mills? Morningside $653,000,000 $32,100,000 %

10. Calculate the property tax rate required to meet the budgetary demands of the community. Note: When calculating budgetary demands, always round up. (Round your answers to two decimal places.) Community Total Assessed Property Valuation Total Taxes Required Property Tax Rate Percent? Per $100 (in $)? Per $1,000 (in $)? Mills? Morningside $653,000,000 $32,100,000 %

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 16EA: Project B cost $5,000 and will generate after-tax net cash inflows of $500 in year one, $1,200 in...

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Community	Total Assessed Property Valuation	Total Taxes Required	Property Tax Rate
Percent?	Per $100 (in $)?	Per $1,000 (in $)?	Mills?
Morningside	$653,000,000	$32,100,000	%	$	$

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How to do this problem I am trying to figure out and when I do figure out this problem and I get the answer wrong.
I have the question and answer below. I just need to know how to get the answer if you could explain it. Determine the tax rate. Round to the nearest cent or nearest hundredth. Assessed property value: $40,356,000Expenses to be funded by property tax: $2,633,000Tax per amount of assessed value: mill Answer: (65.24)
Working need
Based on the graph, answer the first three questions
Calculate the amount of property tax due: (Round your answer to the nearest cent.) Tax rate Assessed value Amount of property tax due $42.50 per $1,000 $ 105,000