3. (10) Suppose you are the budget director in Mizco County, Missouri. County revenues sources include a local-option sales tax, user fees, and a property tax The county budget is $80 million for fiscal year 2022. Suppose the county projects $17.5 million in user fees and $12.5 million in sales tax revenue in 2022, and it plans to set a property tax levy so that property tax collections pay for the remainder of the budget. Assume further that the market value of total property in Mizco County is $100 million. Complete the table. Projected User Projected Sales Tax Fee Collections Collections $2,500,000 $1,500,000 Needed Property Tax Collections Budget Revenue Needs $8,000,000 Total Market Value of Property $100,000,000 Effective Tax Rate Assessment Ratio Total Assessed Value Millage 0.500 3. (10) Suppose you are the budget director in Mizco County, Missouri. County revenues sources include a local-option sales tax, user fees, and a property tax The county budget is $80 million for fiscal year 2022. Suppose the county projects $17.5 million in user fees and $12.5 million in sales tax revenue in 2022, and it plans to set a property tax levy so that property tax collections pay for the remainder of the budget. Assume further that the market value of total property in Mizco County is $100 million. Complete the table. Projected User Projected Sales Tax Fee Collections Collections $2,500,000 $1,500,000 Needed Property Tax Collections Budget Revenue Needs $8,000,000 Total Market Value of Property $100,000,000 Effective Tax Rate Assessment Ratio Total Assessed Value Millage 0.500