Question

the butler county tax assessor determines that the market value of greg wilsons home is $123000. the rate of assessment in butler county is 28% of market value. What is the assessed value of gregs home?

Answer 1

In this case, the assessed value is 28% from the market value. So, we need to get 28% from $123,000.

Expressed in figures, we have;
*$123,000 x 0.28 = $34,440.

The assessed value of Greg's home is $34,440, which is 28% of $123,000.