The County of Rolly Needs $910,000 from Property Tax to Meet

question 9

Short Answer

The county of Rolly needs $910,000 from property tax to meet its budget requirements. The total value of assessed property in Rolly is $150,000,000. What would the tax rate of Rolly be (to five decimal places)? Express the rate in mills. (Round off to two decimal positions if necessary.)

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Definitions:

Disadvantages

These are the unfavorable, negative, or detrimental aspects or conditions that reduce the effectiveness or success.

Dependence

A situation in which the condition or fortunes of a person or entity are affected by another.

Centralization

The concentration of control and decision-making authority in a centralized location or group within an organization.

Authority

The capacity to direct, adjudicate, and ensure observance.