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To Meet Budget, $915,000 from Property Tax Is Needed

Question 52

Multiple Choice

To meet budget, $915,000 from property tax is needed. The total value of assessed property is $14,000,000. What is the tax rate per dollar (round to nearest thousandths) ?


A) 0.071
B) 0.07
C) 0.0655
D) 0.066
E) None of these

Correct Answer:

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