1. Property Taxes A. Calculate the appropriate tax rate if the property tax revenue needed by the government is $20,000,000 and the total assessed value of a community is $500,000,000 A. Tax Rate = % (2 points) B. What is the tax rate per $100 of assessed value? $ (2 pts) 2. Private Activity Bonds State U wants to raise $2 million for a new baseball/softball complex using a Private Activity Bond. They know there are 2,500 people that would be willing to pay a moderate amount if they could get a return of 6% a year over a five year period. A. What would the dollar amount of the initial offering for each bond need to be? (2 pts) B. What would be the total amount State U would need to pay out at the end of the five- year period? (2 pts) c. How much profit would the baseball/softball teams need to make each year to repay the bonds? (2 pts)