Find the tax rate for the area. Round to the nearest tenth of a percent.
-Total tax needed: $948,000
Total assessed value: $148,720,000

Name: Find the tax rate for the area. Round to the nearest tenth of a percent. -Total tax needed: $948,000 Total assessed value: $148,720,000
Brand: Quizplus
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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 get a percentage. So, $948,000 / $148,720,000 * 100 = 0.637% which rounds to 0.6%.

Find the Tax Rate for the Area