Centralton needs to have an income of $2,560,000. the total property is valued for taxation at $80,000,000. what is the tax rate?

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Jose Shepherd

Business

22 January, 01:52

Centralton needs to have an income of $2,560,000. the total property is valued for taxation at $80,000,000. what is the tax rate?

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Gabriela · Answer 1

Centralton needs to have an income of $2,560,000. the total property is valued for taxation at $80,000,000. The tax rate can be solved by dividing the income by the total property that is valued for taxation. Which is equal to of $2,560,000/80,000,000 = 3.2%