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What is the assessed valuation of a house with a [tex]$189,780[/tex] market value and a 55 percent assessment rate?

A. [tex]$104,379[/tex]
B. [tex]$83,461[/tex]
C. [tex]$38,643[/tex]
D. [tex]$32,913[/tex]

Answer :

To find the assessed valuation of a house, you need to calculate a certain percentage of its market value as determined by the assessment rate. Here’s how you can do it step by step:

  1. Identify the Market Value: The market value of the house is given as $189,780.

  2. Determine the Assessment Rate: The assessment rate is provided as 55%. This means you will calculate 55% of the market value.

  3. Calculate the Assessed Valuation:

    • First, convert the percentage to a decimal: 55% = 0.55.

    • Next, multiply the market value by this decimal to find the assessed valuation:

      [

      \text{Assessed Valuation} = 189,780 \times 0.55 = 104,379.

      ]

  4. Choose the Correct Option: After performing the calculation, the assessed valuation is calculated to be $104,379. Therefore, the correct choice is A. $104,379.

Thus, the assessed valuation of the house is $104,379.

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