Find the assessed value for the property.
-Fair market value: $87,000
Rate of assessment: 80%

Question

Quizplus · Accepted Answer

The assessed value can be found by multiplying the fair market value by the rate of assessment: $87,000 x 80% = $69,600. Therefore, the correct choice is B. The assessed value is calculated by multiplying the fair market value by the rate of assessment, which gives us: $87,000 x 0.80 = $69,600. Therefore, the best answer is B.

Find the Assessed Value for the Property