Given the following information, compute the property tax rate for nonproperty tax income: $47 million; total assessed value of all properties: $2.5 billion; total exemptions: 5750 million. 47.26 mills 127.24 mills 61.14 mills 16.64 mills QUESTION 6 Given the following information, compute the property tax rate for the community in percentage terms. Total budget expenditures: 5154 million total nonproperty tax income: 547 million total assessed value of all properties: $2.5 billion; total exemptions: 5750 million 47.26 mills 127.24 mills 61.14 mills 16.64 mills