Real Estate Math
An Ohio property has an assessed value of $135,000 (35% of market value). What is the estimated market value?
A$47,250
B$385,714✓ Correct
C$135,000
D$472,500
Explanation
If assessed value = 35% of market value: Market value = Assessed value / 0.35 = $135,000 / 0.35 = $385,714.
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