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r-ruslan [8.4K]
2 years ago
8

A property is assessed at $39,000. The local municipality has an equalization rate of 5%. What is the market value of the proper

ty...
Business
1 answer:
earnstyle [38]2 years ago
6 0

Answer:

$780,000

Explanation:

Calculation for the market value of the property

Using this formula

Market Value=Assessed property/Equalization rate

Let plug in the formula

Market Value=$39,000/0.05

Market Value=$780,000

Therefore the market value of the property will be $780,000

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Answer:

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3 years ago
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Why is it illegal to alter the odometer on a vehicle
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3 years ago
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