Asked by Marina Aschilean on Jun 09, 2024
Verified
Willow Falls has a valuation rate of 30%. If a building in Willow Falls has an assessed valuation of $90,000, compute the market value of the building.
Valuation Rate
A rate used to determine the current or projected worth of an asset or a company.
Market Value
The current price at which an asset or service can be bought or sold in the marketplace.
Assessed Valuation
The valuation placed on property by a public tax assessor for purposes of taxation.
- Acquire knowledge about how assessed valuation, market value, and taxation rates on properties are related.
Verified Answer
AG
Learning Objectives
- Acquire knowledge about how assessed valuation, market value, and taxation rates on properties are related.