Calculate the property tax rate required to meet the budgetary demands of the community. Note: When calculating budgetary demands, always round up. (Round your answers to two decimal places.) Property Tax Rate Community Total Assessed Property Valuation Total Taxes Required Percent Per $100 (in $) Per $1,000 (in $) Mills Ellingham $54,000,000 $2,600,000 0.48 X % $ 4.80 X $ 48.14 48.14