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Luba_88 [7]
2 years ago
14

An assessor explains to you that the market value of your property was converted to the assessed value using what's called an as

sessment ratio. The assessment ratio can also be considered what
Business
1 answer:
Anna11 [10]2 years ago
5 0

The assessment ratio, which is used to convert the value of property to the assessed value, can also be considered <u>Equalization Rate</u>.

<h3>What is the equalization rate?</h3>

The equalization rate is the ratio of the total assessed value (AV) to a municipality's total market value (MV).

The equalization rate is a measurement of a municipality's level of assessment (LOA) by the state.

This implies that the municipality determines the AV while the state determines the MV.

Thus, the assessment ratio, which is used to convert the value of property to the assessed value, can also be considered <u>Equalization Rate</u>.

Learn more about the equalization rate at brainly.com/question/5428406

#SPJ1

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the answer is B.)

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Owen Company's unadjusted book balance at June 30 is $9,120. The company's bank statement reveals bank service charges of $50. T
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$10,070

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What is the casting of ballots for candidates from different parties for different offices in the same election? ]?
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What is the difference between Nepalese microeconomics and macroeconomics?
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3 years ago
Darcy Roofing is faced with a decision. The company relies very heavily on the use of its 60-foot extension lift for work on lar
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$ 102,100

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