Find the tax rate of assessed valuation

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A. Vonte Canyon, Arizona (a fictitious city) has a new budget of $89,895,000 to pay for police, fire, schools, and government, among other expenses. The total assessed valuation (based on 60% of market value) in the city is $7,899,023,000. Find the tax rate per $1,000 of assessed valuation

B. Now find the taxes on a property that has an assessed valuation of $190,500.

Reference no: EM13793799

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