Mathematics, 07.06.2020 20:57, sharmadaman641

A city has a total budget of $10 million per year. It brings in $3.5 million per year in revenues other than property taxes. Therefore, the city must generate $6.5
million in property taxes to balance its budget. The net assessed valuation of all
property in that city is $825 million. What is the percent tax rate necessary to
generate the $6.5 million? Only use two decimal places and do not round.

Answers: 1

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A city has a total budget of $10 million per year. It brings in $3.5 million per year in revenues o...