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The following data are for the town of Paragon in the fiscal year starting January 1 , 2 0 1 6 . Budgeted town expenditures

The following data are for the town of Paragon in the fiscal year starting January 1,2016.
Budgeted town expenditures $20,000,000
Estimated revenue from grants, fees, and licenses $6,000,000
Assessed value of property $142,000,000
a. What is the town property tax rate in dollars per $100 of assessed value?
b. The Wooden family has property with a fair cash value of $90,000. The assessment ratio is one-third. The family is entitled to a mortgage exemption of $5,000. That is taken against assessed value. What is their property tax bill from Paragon?

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