Assessed valuation is equal to the assessment rate:
A)Divided by the market value
B)Times the book value
C)Times the market value
D)Plus the market value
E)None of these

Name: Assessed valuation is equal to the assessment rate: A)Divided by the market value B)Times the book value C)Times the market value D)Plus the market value E)None of these
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Question

Quizplus · Accepted Answer

Assessed valuation is calculated by multiplying the assessment rate by the market value of the property. Therefore, the correct choice is C.

Assessed Valuation Is Equal to the Assessment Rate