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Vaselesa [24]
3 years ago
5

A school districts property tax rate rises from 2.5% to 2.7% to cover a $300,000 budget deficit. What is the value of the proper

ty in the school district to the nearest dollar. PLEASE HELP
Mathematics
1 answer:
Illusion [34]3 years ago
5 0
Total Increase in tax rate= 2.7%-2.5% =0.2%
Now to find the total value of the property, 
we get
Total value= $300,000/0.2%
As 0.2% = 0.2/100 = 0.002
Total value= $300,000 x 1/0.002
Total value=$150,000,000

Answer: $150,000,000 or 150 million
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