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18 September, 18:06

The market value of a property is $720,000. The equalization rate for the local municipality is 9%. What is the assessed value ... ?

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  1. 18 September, 18:18
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    assessed value = $64,800

    Explanation:

    given data

    market value = $720,000

    equalization rate = 9%

    to find out

    What is assessed value

    solution

    we get here assessed value that is express as

    assessed value = market value * equalization rate ... 1

    put here value we get, assessed value

    assessed value = $720,000 * 9%

    assessed value = $720,000 * 0.09

    assessed value = $64,800
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