Question

Compute the assessed value for each property.

Market ValueAssessment Rate$71,50060%\begin{aligned} \begin{array}{lccc} \textbf{Market Value} && \textbf{Assessment Rate}\\ \$71,500 && 60\% \end{array} \end{aligned}

Solution

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Answered 1 year ago
Answered 1 year ago
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To compute the assessed value of the property, multiply the market value ($71,500)(\$71,500) by the assessment rate (60%)(60\%).

$  71,500×       0.6 $  42,900\begin{aligned} \$ \ \ 71,500\\ \times\ \ \ \ \ \ \ 0.6\\ \hline\ \$ \ \ 42,900 \end{aligned}


Note: 60%=0.660\% =0.6

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