Question

If Henry's home has a market value of $145000 and the assessment rate is 35% what is its assessed valuation

Answer 1

Assessment value of Henry's home is $50750

Explanation:

Henry's home has a market value of $145000 and the assessment rate is 35%.

This means value of home is 35% of the total cost $145000

Now we will solve it by calculating percentage

Assessment = 35% of 145000 =
`(145000)((35)/(100))=(1450).(35)=50750`

So the answer is assessment of Henry's home = $50750.

Answer 2

It is just a percentage problem. By finding 35% of 145000, we can solve it.
`(145000*35)/(100) = 50750`. So that, the assessed value is $50,750