The assessed valuation of a community is 60% and the tax rate is 1.6%. More revenue is needed. The assessed valuation is being left at 60% and the tax rate is being raised to 1.9%. Compute how much more tax money per $100 of market value, the increase will generate.

Question

​The assessed valuation of a community is 60% and the tax rate is 1.6%. More revenue is needed. The assessed valuation is being left at 60% and the tax rate is being raised to 1.9%. Compute how much more tax money per $100 of market value, the increase will generate.

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The Answer of ​The assessed valuation of a community is 60% and the tax rate is 1.6%. More revenue is needed. The assessed valuation is being left at 60% and the tax rate is being raised to 1.9%. Compute how much more tax money per $100 of market value, the increase will generate.

​The Assessed Valuation of a Community Is 60% and the Tax

The Assessed Valuation of a Community Is 60% and the Tax