Real Estate Math
A Massachusetts property is assessed at $780,000 but sells for $840,000. What is the assessment ratio (assessed value to sale price)?
A92.86%✓ Correct
B107.69%
C93%
D80%
Explanation
Assessment ratio = Assessed Value ÷ Sale Price = $780,000 ÷ $840,000 = 0.9286 = 92.86%. Using the values given ($780,000, $840,000), apply the appropriate formula.. The correct answer is 92.86%.. This is a common calculation on the Massachusetts real estate exam.
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