Question

The property tax rate is calculated by taking the total tax money needed ____ the total taxable value. 1. Subtracted from 2. Added to 3. Divided by 4. Times

Answer 1

Answer:

3. Divided by

Step-by-step explanation:

We know that,

The formula to find the property tax rate is given by,

$Tax\ Rate=\dfrac{Total\ Tax\ Money}{Total\ Taxable\ Value}$.

That is, we see that,

The property tax rate is obtained by taking the total tax money needed DIVIDED BY the total taxable value.

Hence, Option 3 is correct.