What is the assessed value before applying the equalization factor, given a market value of $255,000 and an assessment rate of 35%?

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Multiple Choice

What is the assessed value before applying the equalization factor, given a market value of $255,000 and an assessment rate of 35%?

Explanation:
The assessed value before any equalization is found by applying the assessment rate to the market value. Multiply 255,000 by 0.35: 255,000 × 0.35 = 89,250. So the assessed value before the equalization factor is $89,250. The equalization factor would come later to align values across jurisdictions, but it does not change this base assessment.

The assessed value before any equalization is found by applying the assessment rate to the market value. Multiply 255,000 by 0.35: 255,000 × 0.35 = 89,250. So the assessed value before the equalization factor is $89,250. The equalization factor would come later to align values across jurisdictions, but it does not change this base assessment.

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