Budget planners for a certain community have determined that $7,293,000 will be required to provide all government services next year. The total assessed property value in the community is $130,000,000. What tax rate is required to meet the budgetary demands? (Express your answer as a tax rate per $100 to two decimal places rounded up.)

Budget planners for a certain community have determined that $7,293,000 will be required to provide all government services next year. The total assessed property value in the community is $130,000,000. What tax rate is required to meet the budgetary demands? (Express your answer as a tax rate per $100 to two decimal places rounded up.)

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter22: Budgeting

Section: Chapter Questions

Problem 3TIF: Communication The city of Milton has an annual budget cycle that begins on July 1 and ends on June...

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