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OpenStudy (anonymous):
Property in Dry Gultch County is assessed at $305,000,000. The taxes to be raised are $13,750,000. What is the tax rate? A. 0.22% B. 4.5% C. 0.45% D. 2.2%
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ganeshie8 (ganeshie8):
tax rate = tax amount -------------- x 100 actual property value
ganeshie8 (ganeshie8):
just sub the values
ganeshie8 (ganeshie8):
tax amount = $13,750,000 property value = $305,000,000
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