Answer:
The tax rate is 3.2%
Step-by-step explanation:
Income needed: $2,560,000
Property value: $80,000,000
To determine the tax rate, the rule of three can be applied.
As the tax rate is a percentage of the property value, this value represents 100%, so:
$80,000,000 → 100%
$2,560,000 → x
x= ($2,560,000*100%)/$80,000,000= 3,2%