What tax rate is required to meet the budgetary demands

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Reference no: EM13810239

The Total assessed property value in River city is $106,000,000. budget planners have determined that $7,663,800 will be required to provide all government services next year. What tax rate is required to meet the budgetary demands?

A. 7.205%

B. 7.23%

C. 72.3%

D. 1.38%

Reference no: EM13810239

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