Answer:The City Council, School Board and County Commissioners approve annual budgets to pay for services in the coming year. The tax rate is calculated by dividing the amount needed to be raised (the budget, net of other revenues) by the town’s total assessed property value.
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The City Council, School Board and County Commissioners approve annual budgets to pay for services in the coming year. The tax rate is calculated by dividing the amount needed to be raised (the budget, net of other revenues) by the town’s total assessed property value.
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