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Sergio [31]
1 year ago
7

The Walton family got a great deal on their new home. They bought it for $101,295, and it appraised at $187,000 in a region wher

e assessed value is a percentage of appraised value. Using an assessment ratio of 25%, what is the assessed value of their new home
Business
1 answer:
Vesna [10]1 year ago
7 0

The assessed value of their new home is $46,750.

<h3>Assessed value</h3>

Using this formula

Assessed value=Appraisal amount× Assessment ratio

Where:

Appraisal amount=-$187,000

Assessment ratio=25%

Let plug in the formula

Assessed value=$187,000 × 0.25

Assessed value = $46,750

Learn more about Assessed value here:brainly.com/question/5428406

#SPJ1

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