The Municipality of Waterloo Needs $915,000 from Property Tax to Meet

question 19

Multiple Choice

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 to nearest thousandths) ?

• A) $.071
• B) $.07
• C) $.0655
• D) $.065
• E) None of these

---

Definitions:

Engagement Level

The degree of enthusiasm and dedication an individual exhibits towards their job or a specific task.

Career Change

The process of transitioning from one occupation to another, often involving different industries or fields, to pursue new interests or opportunities.

Fluctuation

Variability or changes in a state, condition, or level, often seen in contexts like economics or physical measurements.

Need for Order

The intrinsic human desire for organization, structure, and predictability in one's environment and life.