Question

What is the assessed valuation of a house with a $152,740 market value and a 60 percent assessment rate?

O $254,567
O $244,384
$91,644
O $61,096

Answer 1

$254,567

Explanation:

The houses market value is $152,740 and has a 60% assessment rate, the assessed valuation of this house would be $254,567. How we got this was by dividing the house total which is $152,740 by the assessment percentage rate which is 60 percent. Simply $152,740÷0.60