The assessed value of property in enterprise county is $186,000,000. the county supervisors feel the county needs $9,525,000 in revenue. what is the tax rate (to 0.1 of a percent)? %

Answer

5.1%

Explanation

The revenue =  $9,525,000

The value of the enterprise = $186,000,000

For you to get the tax rate we have to ask your self, "what percent is  $9,525,000 of  $186,000,000?"

∴   (9,525,000/186,000,000) × 100%

Rate = 0.0512 × 100%

          = 5.12%

Answer to tenth; 5.1%