Find the tax rate for the area. Round to the nearest tenth of a percent.
-Total tax needed: $321,000 Total assessed value: $53,103,000

Name: Find the tax rate for the area. Round to the nearest tenth of a percent. -Total tax needed: $321,000 Total assessed value: $53,103,000
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Question

Quizplus · Accepted Answer

The tax rate is calculated by dividing the total tax needed by the total assessed value and then multiplying by 100 to convert to a percentage: $ \frac{321,000}{53,103,000} \times 100 = 0.604\%$, which rounds to 0.6%.

Find the Tax Rate for the Area