Property Valuation
An Iowa property's land is valued at $75,000 and the improved value is $295,000. What is the percentage of value attributable to the land?
A20.3%
B22.4%
C24.7%
D25.4%✓ Correct
Explanation
Land as % of total value = $75,000 ÷ $295,000 × 100 = 25.42% ≈ 25.
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