Real Estate Math
A North Dakota property has an assessed value of $180,000 and is assessed at 50% of market value. What is the estimated market value?
A$90,000
B$180,000
C$270,000
D$360,000✓ Correct
Explanation
If assessed value = 50% of market value, then market value = assessed value ÷ 50% = $180,000 ÷ 0.50 = $360,000.
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