TThe following data are for the town of Paragon $($Paragon is required to produce a balanced budget$)$ in the fiscal year ending June $30,2009$:

Budgeted town expenditures: $$15,000,000\mathrm{.}00$

Estimated non$-$property tax revenues: $$11,000,000\mathrm{.}00$

Appraised value of property: $$200,000,000\mathrm{.}00$

Total exemptions for the elderly: $$8,000,000\mathrm{.}00$

Assessment ratio: $60\%$ The statutory property tax rate Paragon needs to adopt to balance their $2021$ budget is $\_\_\_\_\_\_\_\_\_\_\_\%.$

P$.$S$.$ Please round your answer to two decimal places, e$.$g$.2\mathrm{.}75\%.$