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Determine what property tax rate will be necessary

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Question - The County Board of Supervisors (the Board) has approved $125,000 for a new IT security analyst who will upgrade the county's defenses against cyber attacks. The current tax base of Morgan County is $100 million. The property tax rate for the current year is 1.15 percent of the assessed value. The Board has asked you, as the Comptroller of the County, to determine what property tax rate will be necessary for the coming year to generate an additional $125,000 for the new position.

Reference no: EM133155782

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