Real Estate Math
A Wisconsin property with a tax-assessed value of $425,000 has an equalization ratio of 85%. What is the estimated full market value?
A$480,882
B$485,882
C$490,882
D$500,000✓ Correct
Explanation
Full market value = Assessed value / Equalization ratio = $425,000 / 0.85 = $500,000. To solve this, multiply the relevant values: $425,000 at 85%.. The correct answer is $500,000.. This is a common calculation on the Wisconsin real estate exam.
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