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27 June, 10:02

The butler county tax assessor determines that the market value of greg wilsons home is $123000. the rate of assessment in butler county is 28% of market value. What is the assessed value of gregs home?

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  1. 27 June, 12:41
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    In this case, the assessed value is 28% from the market value. So, we need to get 28% from $123,000.

    Expressed in figures, we have;

    *$123,000 x 0.28 = $34,440.

    The assessed value of Greg's home is $34,440, which is 28% of $123,000.
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