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Determining of property tax rateThe county legislature approved the budget for 2 0 1 9 . Revenues from property taxes are budgeted at $ 8

Determining of property tax rateThe county legislature approved the budget for 2019. Revenues
from property taxes are budgeted at $800,000. According to the
county assessor, the assessed valuation of all of the property in
the county is $50 million. Of this amount, property worth $10
million belongs to the federal government or to religious
organizations and, therefore, is not subject to property taxes. In
addition, certificates for the following exemptions have been
filed:In the past, uncollectible property taxes averaged about 3
percent of the levy. This rate is not expected to change in the
foreseeable future. Using all of this information,
determinea. the property tax rate per $1,000 of assessed valuations that
must be used to collect the desired revenues from property
taxes.Round answer to two decimal places.$Answerb. the levy on a piece of property that was assessed for
$100,000(after exemptions).Use rounded answer from above. Round final answer to the nearest
whole number.

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