Real Estate Math
A Wisconsin seller's property is assessed at $165,000 and the assessment ratio is 90% of market value. What is the estimated market value?
A$148,500
B$175,000
C$183,333✓ Correct
D$185,000
Explanation
Market value = Assessed value ÷ Assessment ratio = $165,000 ÷ 0.90 = $183,333.
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