Question

Bemidji, Minnesota, needed $3,850,000 for its budget. If total assessed value of property in Bemidji was $353,211,009, what was the tax rate expressed as a percent, per $100, per $1,000, and in mills?

Name: bemidji minnesota needed 3850000 for its budget if total assessed value of property in bemidji was 353211009 what was the tax rate expressed as a percent per 100 per 1000 and in mills 32665
Uploaded: 2024-04-17T19:27:42-08:00
Duration: 3 min 20 s
Channel: Derek Follett
Description: bemidji minnesota needed 3850000 for its budget if total assessed value of property in bemidji was 353211009 what was the tax rate expressed as a percent per 100 per 1000 and in mills 32665

          Bemidji, Minnesota, needed $3,850,000 for its budget. If total assessed value of property in Bemidji was $353,211,009, what was the tax rate expressed as a percent, per $100, per $1,000, and in mills?

Added by Cheryl C.

Horngren’s Cost Accounting

Srikant M. Datar, Madhav V. Rajan 16th Edition

Instant Answer

Solved by Expert Derek Follett

04/17/2024

Step 1

To find the tax rate, divide the total budget needed by the total assessed value of property. \[ \text{Tax Rate (decimal)} = \frac{\text{Total Budget}}{\text{Total Assessed Value}} = \frac{3,850,000}{353,211,009} \approx 0.0109 \] Show more…

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Bemidji, Minnesota, needed $3,850,000 for its budget. If total assessed value of property in Bemidji was $353,211,009, what was the tax rate expressed as a percent, per $100, per $1,000, and in mills?