Question

The assessed value of property in Enterprise County is $196,000,000. The county supervisors feel the county needs $9,525,000 in revenue.

What is the tax rate (to 0.1 of a percent)?
5.1
4.9
4.7,

Answer 1

B. 4.9%.

Explanation:

We have been given that the assessed value of property in Enterprise County is $196,000,000. The county supervisors feel the county needs $9,525,000 in revenue.

To find the tax rate we need to find $9,525,000 is what percent of $196,000,000.

`\text{Tax rate}=(\$9,525,000)/(\$196,000,000)* 100`

`\text{Tax rate}=0.0485969387755102* 100`

`\text{Tax rate}=4.85969387755102\%`

Upon rounding our answer to nearest tenth of percent we will get,

`\text{Tax rate}\approx 4.9\%`

Therefore, the tax rate is 4.9% and option B is the correct choice.

Answer 2

tax rate = ( $9,525,000 / $196,000,000 ) * 100% = 4.9%