Find the tax rate for the area. Round to the nearest tenth of a percent.
-Total tax needed: $34,000
Total assessed value: $4,214,000

Question

Quizplus · Accepted Answer

To find the tax rate, divide the total tax needed by the total assessed value and multiply by 100 to convert to a percentage. So, (34,000/4,214,000) x 100 = 0.806%, which rounds to 0.8%. The correct answer is D. To find the tax rate, we divide the total tax needed by the total assessed value, and then multiply by 100:
Tax rate = (total tax needed ÷ total assessed value) × 100
Tax rate = (34,000 ÷ 4,214,000) × 100
Tax rate = 0.008067... × 100
Tax rate = 0.8067...%
Rounded to the nearest tenth of a percent, the tax rate is 0.8%. The best choice is D.

Find the Tax Rate for the Area