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.) Property Tax Rate Total Assessed Total Taxes Community Property Valuation Required Per $100 (in $) Per $1,000 (in $) Percent Mills Morningside $659,000,000 $32,600,000 % $4 $

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.) Property Tax Rate Total Assessed Total Taxes Community Property Valuation Required Per $100 (in $) Per $1,000 (in $) Percent Mills Morningside $659,000,000 $32,600,000 % $4 $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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 Ellingham Total Assessed Property Valuation $53,000,000 Total Taxes Required $2,900,000 5.47 Percent X % $ Property Tax Rate Per $100 (in $) $ Per $1,000 (in $) Mills
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