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 Community Total Assessed Property Valuation Total Taxes Required Percent Per $100 (in $) Per $1,000 (in $) Mills Morningside $652,000,000 $32,700,000 4.97 % $ 49.69 Need Help? Read It
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 Community Total Assessed Property Valuation Total Taxes Required Percent Per $100 (in $) Per $1,000 (in $) Mills Morningside $652,000,000 $32,700,000 4.97 % $ 49.69 Need Help? Read It
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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
Community
Total Assessed
Property Valuation
Total Taxes
Required
Percent
Per $100
(in $)
Per $1,000
(in $)
Mills
Morningside
$652,000,000
$32,700,000
4.97
%
$
$
49.69
Need Help?
Read It
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