Real Estate Math
A home has a market value of $485,000. Georgia assesses property at 40% of market value. What is the assessed value?
A$194,000✓ Correct
B$242,500
C$291,000
D$97,000
Explanation
Assessed value = $485,000 × 40% = $194,000. To solve this, multiply the relevant values: $485,000 at 40%..
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