Real Estate Math
A Missouri property has a market value of $430,000. Commercial assessment is 32%. The assessed value is:
A$81,700
B$137,600✓ Correct
C$166,400
D$215,000
Explanation
Assessed value (commercial) = $430,000 x 32% = $137,600. To solve this, multiply the relevant values: $430,000 at 32%..
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