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The local school district needs to collect $125,000 in taxes. The taxing authority has determined the total...
7. The local school district needs to collect $125,000 in taxes. The taxing authority has determined the total assessed value of all of the real estate in the district to be $14,719,000. Find the property tax rate needed to the nearest hundredth of a percent.
☐ 85%
☐ 8.5%
☐ 0.85%
☐ 0.084%
☐ 85%
☐ 8.5%
☐ 0.85%
☐ 0.084%