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  1. The municipality of Waterloo needs $915,000 from property tax to meet its budget. The total value of

assessed property in Waterloo is $14,000,000. What is the tax rate per dollar? (Round your answer to the

nearest thousandth.)

A$.0655
B$.07
C$.065
D$.071

Verified Answer :

taskmasters

Let us assume the tax rate per dollar = x
Amount of money needed as tax = $915000
Assesses property value = $14000000
Then
14000000 * x = 915000
x = 915000/14000000
   = 0.065 dollars
From the above deduction it can be concluded that the correct option among all the options that aregiven in the question is option "C".

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