Question: Please do not copy from Chegg otherwise I have to report the answer. Explain the answer thoroughly by showing each step of the calculation. Budget

Please do not copy from Chegg otherwise I have to report the answer. Explain the answer thoroughly by showing each step of the calculation.

Budget planners for a certain community have determined that $3,415,200 will be required to provide all government services next year. The total assessed property value in the community is $24,700,000. What tax rate is required to meet the budgetary demands?

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