Calculate Tax Rate in Decimal Form (6 decimal places) City: Reese
Total Assessed Value: $48,000,000
Budget required: $895,000

the tax rate in decimal places is 0.018645

Explanation:

The computation of the tax rate in decimal places is shown below;

tax rate is

= Required budget ÷ Total assessed value

= $895,000 ÷ $48,000,000

= 0.018645

hence, the tax rate in decimal places is 0.018645

Simply divide the required budget from the total assessed value in order to get the tax rate

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