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Station City has a total assessed valuation of $200,000,000. The budget of the city is $5,000,000. What is the tax rate in percent?

Station City has a total assessed valuation of $200,000,000. The budget of the city is $5,000,000. What is the tax rate in percent?
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Station City has a total assessed valuation of $200,000,000. The budget of the city is $5,000,000. What is the tax rate in percent?

User Dike
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Divide 200k by 5k, assuming that the budget is equal to the tax rate, then 2.5%
User Mike Lowen
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