Question 6 [5 points] Last year a city budget included $7,000,000 from property taxes at a mill rate of 18.3091. This ye

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Question 6 5 Points Last Year A City Budget Included 7 000 000 From Property Taxes At A Mill Rate Of 18 3091 This Ye 1 (25.64 KiB) Viewed 32 times

Question 6 [5 points] Last year a city budget included $7,000,000 from property taxes at a mill rate of 18.3091. This year the city anticipates that it will require $7,870,000 from property taxes to balance its budget. What mill rate will be required to raise this amount, assuming assessed values remain the same? your answer should be accurate to at least 4 decimal places. New Mill Rate = 0.00