If the market value of an average home is $180,000, and the assessment rate is 35% what is the assessed value?
A)$63,000
B)$51,429
C)$243,000
D)$60,000
E)None of these

Name: If the market value of an average home is $180,000, and the assessment rate is 35% what is the assessed value? A)$63,000 B)$51,429 C)$243,000 D)$60,000 E)None of these
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Quizplus · Accepted Answer

The assessed value is calculated by multiplying the market value by the assessment rate: $180,000 * 35% = $63,000.

If the Market Value of an Average Home Is $180,000