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6. (-12 Points! DETAILS As the tax assessor for Indian Creek County, you have been informed that due to budgetary demands, a tax increase will

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6. (-12 Points! DETAILS As the tax assessor for Indian Creek County, you have been informed that due to budgetary demands, a tax increase will be necessary next year. The total market value of the property in the county is $200,000,000. Currently, the sessment rate is 35% and the tax rate is 40 mills. The county commission increases the assessment rate to 45% and the tax rate to 45 mil (a) How much property tax in 5) was collected under the old rates? (6) How much more tax (in revenue will be collected under the new rates? Need Help? Men

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