Calculate the apporpriate tax rate

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Reference no: EM131881147

Calculate the apporpriate tax rate if the property tax revenue needed by the government is $25,000,000 and the total assessed value of a community is $500,000,000. Please show how to solve.

A. What is the Tax Rate %?

B. What is the tax rate per $100 of assessed value?

Reference no: EM131881147

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