Answered

Westonci.ca is your go-to source for answers, with a community ready to provide accurate and timely information. Connect with a community of experts ready to provide precise solutions to your questions quickly and accurately. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

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

Sagot :

abiolataiwo2015

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

Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.