Determine the required rate of increase in the tax rate


Smallville is suffering annual losses of taxable properties and the property values of 1% each. Even so, Smallville must sustain its tax collections at a constant value of $3.2 million to maintain the services. Determine the required rate of increase in the tax rate?

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Macroeconomics: Determine the required rate of increase in the tax rate
Reference No:- TGS0872306

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