The Town of Senecaville is in the midst of completing their budgetary process and final tax rate calculations for the current year. The Town has recognized total municipal expenditures in the amount $53,640,000 and non-taxable revenues of $22,870,000. The Municipal Property Assessment Corporation (MPAC) has returned the following values on the assessment roll for the current year: Residential Assessment value = $21,050,000 Commercial Assessment value = $7,360,000 Industrial Assessment value = $3,480,000 Farm Assessment value = $980,400 Provide the formula and calculate the amount to be raised from taxation