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.) Community Total Assessed Property Valuation Total Taxes Required Property Tax Rate Percent Per $100 (in $) Per $1,000 (in $) Mills Morningside $659,000,000 $32,400,000 % $ $
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.) Community Total Assessed Property Valuation Total Taxes Required Property Tax Rate Percent Per $100 (in $) Per $1,000 (in $) Mills Morningside $659,000,000 $32,400,000 % $ $
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: The Design Of The Tax System
Section: Chapter Questions
Problem 4CQQ
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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.)
Community | Total Assessed Property Valuation |
Total Taxes Required |
Property Tax Rate | |||
---|---|---|---|---|---|---|
Percent | Per $100 (in $) |
Per $1,000 (in $) |
Mills | |||
Morningside | $659,000,000 | $32,400,000 | % | $ | $ |
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