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The total assessed property value in the Town of Sutton is $84,000,000. Budget planners have determined that $4,988,600 will be required to provide all government services next year. What tax rate is required to meet the budgetary demands? (Express your answer as a tax rate per $1,000 and round to the nearest hundredth)
Legally Enforceable
A term describing a contract or obligation that is recognized by law, meaning it can be upheld in court.
Oral Agreement
An unwritten contract where the terms have been agreed upon verbally rather than in writing, yet can still be legally binding under certain conditions.
Enforceable
Capable of being imposed or carried out by legal process or authority, often referring to contracts or agreements.
Executor
An individual appointed in a will to administer the estate of the deceased, ensuring that their wishes are carried out.
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