The property tax , in dollars, in a certain county is calculated using the formula , where is the value of the property in dollars. If this formula is rearranged to express the property value in terms of the tax , resulting in , what does the coefficient represent in this rearranged formula?
The property tax rate in dollars per dollar of taxable value.
The amount of tax paid for every
The factor by which the tax must be multiplied to find the taxable value.
The minimum property value subject to tax.
