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 up to the next mill (thousandth) of a dollar)?

Tax rate per dollar =  .06536

Given:

Amount needed from property tax = $915000

Value of assessed property  = $14000000

Therefore, we'll compute tax rate per dollar as:

Tax rate per dollar =

=

= .06536

x = 25

step-by-step explanation:

a^2+b^2=c^2

7^2+24^2=c^2

49+576=625

sqrt625=25

x=25