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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 Revenues
from property taxes are budgeted at $ According to the
county assessor, the assessed valuation of all of the property in
the county is $ million. Of this amount, property worth $
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
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 $ 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
$after exemptionsUse rounded answer from above. Round final answer to the nearest
whole number.
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