Question

What is the assessed valuation of a house with a $189,780 market value and a 55 percent assessment rate?

Answer 1

55% of 189,780 = 104,379
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Answer 2

The assessed value is 104379 and the assessed valuation is 85401.

Explanation:

The market value of the house is $189,780.

The rate of assessment is 55%.

We have to find the assessed valuation of the house.

The assessed value of the house is

`189,780* (55)/(100)=104379`

The assessed valuation is

`189,780-104379=85401`

Therefore the assessed value is 104379 and the assessed valuation is 85401.