Calculate the tax rate levied on property based on the assessed value. Round to the nearest...

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Calculate the tax rate levied on property based on the assessed value. Round to the nearest...

Calculate the tax rate levied on property based on the assessed value. Round to the nearest whole percent. Place commas and a dollar sign in the answer as needed. Money Needed Assessed Value Tax Rate $208,000 $1,000,000 =

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Answer 1

Answer #1

Answer:

Calculation of tax rate in the following:

Particulars

Calculation and formula

Amount/percentage

Tax rate

= Money needed/Assessed value

= ($208,000 / $1,000,000)*100

= 20.8%

20.8%

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Answer 2

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