Question

Find the assessed value of a home with a market value of $88,000 if theassessment rate is 42%.

Answer 1

Given that the Assessment rate = 42%

Market value = $ 88,000

To get the assessed value, we will find 42% of $ 88, 000

`\begin{gathered} (42)/(100)\text{ x \$ 88, 000} \\ \\ (3696000)/(100) \\ \\ =\text{ \$ 36,960} \end{gathered}`

Assessed value = $ 36,960