Points] DETAILS Iculate 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 cimal places.) Property Tax Rate Total Assessed Total Taxes Community Per $100 (in $) Per $1,000 (in $) Property Valuation Required Mills Percent llingham $56,000,000 $2,600,000 1.5 X % $46.4256

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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alculate 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
ecimal places.)
Property Tax Rate
Total Taxes
Required
Total Assessed
Community
Per $1,000
Per $100
(in $)
Property Valuation
Mills
Percent
(in $)
Ellingham
$56,000,000
$2,600,000
1.5 x %
$46.4256 X
$
Transcribed Image Text:a Points] DETAILS PREVIOUS ANSWERS BRECMBLY alculate 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 ecimal places.) Property Tax Rate Total Taxes Required Total Assessed Community Per $1,000 Per $100 (in $) Property Valuation Mills Percent (in $) Ellingham $56,000,000 $2,600,000 1.5 x % $46.4256 X $
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The following computations are done for calculating property tax as per the requirements.

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