The total assessed property value in the Town of Sutton is $84,000,000. Budget planners have determined that $4,988,600 will be required to provide all government services next year. What tax rate is required to meet the budgetary demands? (Express your answer as a tax rate per $1,000 and round to the nearest hundredth)

Question

Quizplus · Accepted Answer

To find the tax rate per $1,000, divide the required budget by the total assessed property value, then multiply by 1,000: ($4,988,600 / $84,000,000) * 1,000 = $59.39.

The Total Assessed Property Value in the Town of Sutton