Find the Assessed Value for the Property

question 65

Multiple Choice

Find the assessed value for the property.
-Fair market value: $159,000
Rate of assessment: 40%

• A)$63,600
• B)$95,400
• C)$31,800
• D)$636,000

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Definitions:

Reciprocity Arrangements

Agreements between two or more parties to exchange goods or services with each other, often under mutually beneficial terms.

Mutually Beneficial Objectives

Goals or aims shared by two or more parties that provide advantages to all involved.

Supply Partnership

A strategic relationship between a buyer and supplier designed to achieve specific business objectives by maximizing the effectiveness of each participant's resources.

Sustainable Procurement

The acquisition process aimed at obtaining goods, services, and works in a way that achieves value for money on a whole life basis in terms of generating benefits not only to the organization but also to society and the economy, while minimizing damage to the environment.