EXPLANATION
Let's consider the facts:
Property value= $126,500
Annual tax= $1007.32
Dividing the annual tax by the property value give us the unit value:
Annual tax/Property Value = 1007.32/126,500 = 0.00796300395
Multiplying this number by 100(the house-value factor) give us the desired number:
0.00796x100= $0.79tax/$100house
Rounding to three decimal places:
Answer= 0.796
