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26 February, 00:40

Miriam's house has a market value of $125,000. The tax accessor evaluated her property tax rate to be 42%. What is the assessed value of Miriam's house? Use the formula: Assessed Value = Market Value x Rate.

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  1. 26 February, 02:17
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    Well if you use the formula it states Assessed Value = Market Value x Rate.

    Assessed value = 125000

    Rate = 42

    In addition to the rate, you must divide 42 by 100, which makes. 42 then add 1.

    42/100 = 0.42 + 1 = 1.42

    125000 (1.42) = 177500

    $177500 is Miriam's assessed value of her house.
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