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Property in Dry Gultch County is assessed at $305,000,000. The taxes to be raised are $13,750,000.


What is the tax rate?

A0.22%
B4.5%
C0.45%
D2.2%

Verified Answer :

meerkat18

The tax rate is obtained by dividing the amount of the taxes be raised by the cost of the property. Then, multiply the quotient by 100%. The operations are shown below,
                                ($13,750,000) / ($305,000,000) x 100%
The answer is approximately equal to 4.5%. Thus, the answer is letter B.

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