Property Valuation
A Washington assessor revalues all properties annually by statute. For residential properties, the standard assessment should be at what percentage of fair market value?
A75%
B85%
C100%✓ Correct
D110%
Explanation
Washington state law requires all real property to be assessed at 100% of fair market value. While assessments may lag behind market prices due to timing, the statutory standard is 100%.
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