Step 1: Analyzing the geometry.
The relationship between the height of the tower, the angles of elevation, and the distance from the point of observation can be used to derive the tangent of \( \theta \). Using trigonometry, \( \tan \theta = \frac{1}{2} \).
Step 2: Conclusion.
The correct value of \( \tan \theta \) is \( \frac{1}{2} \), corresponding to option (3).