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16 July, 22:43

The municipality of Waterloo needs $915,000 from property tax to meet its budget. The total value of

assessed property in Waterloo is $14,000,000. What is the tax rate per dollar? (Round your answer to the

nearest thousandth.)

A. $.07

B. $.065

C. $.0655

D. $.071

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Answers (1)
  1. 16 July, 22:47
    0
    Tax rate per dollar = 915000 : 14000000 = 0.0654 ≈0.065 (nearest thousandths) (Answer B)
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