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Given the following information, compute the property tax rate for the community in mills. Total budget expenditures: $250 million Total non-property tax income: $150 million
Given the following information, compute the property tax rate for the community in mills. Total budget expenditures: $250 million Total non-property tax income: $150 million Total assessed value of all properties: $5 billion Total exemptions: $900 million.
A) 2.00 mills
B) 2.43 mills
C) 20.0 mills
D) 24.3 mills
**Note: The answer is D, I just need to know how to get there.
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