Question
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. $.071
My answer is B .065
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. $.071
My answer is B .065
Answers
Ms. Sue
I don't think any of these answers is correct. Multiplying 0.065 times 14,000,000, I get $910,000.