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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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4 0
3 years ago
What happens after the irs accepts your tax return?.
Mandarinka [93]

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Hope this helps..

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3 years ago
Notes receivable:_______.
Phoenix [80]

Answer:

D. are supported by a promissory note

Explanation:

Notes receivable defines as a written agreement or promise that is to be received in a future date

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5 0
3 years ago
Your grandmother put some money in an account for you on the day you were born. This account pays 8% interest per year. On your
Alex777 [14]

Answer:

C. $1,000

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The computation amount is shown below:-

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= $8.00 ÷ 1

= 8%

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= 21 × 1

= 21

Present value = Future value × (1 ÷ (1 + rate of interest)^number of years)

= $5033.83 × (1 ÷ (1 + 8%)^21)

= $5033.83 × (1 ÷ (1.08)^21

= $5033.83 × (1 ÷ 5.033833715 )

= $5033.83 × 0.198655748

= 0.999999262

= $1,000

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