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The assessed valuation of a community is 60% and the tax rate is 1.6%. More revenue is needed. The assessed valuation is being left at
The assessed valuation of a community is 60% and the tax rate is 1.6%. More revenue is needed. The assessed valuation is being left at 60% and the tax rate is being raised to 1.9%.
Compute how much more tax money per $100 of market value the increase will generate. Round your answer to two decimal places. $
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