Real Estate Math
A Wisconsin property is assessed at $180,000. The assessment ratio is 90% of market value. What is the estimated market value?
A$162,000
B$180,000
C$200,000✓ Correct
D$220,000
Explanation
Market value = Assessed value ÷ Assessment ratio = $180,000 ÷ 0.90 = $200,000.
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