What is the assessed value before applying the equalization factor, given a market value of $255,000 and an assessment rate of 35%?

• A. $89,250
• B. $89,000
• C. $90,000
• D. $88,000

Answer: (A)

The assessed value before any equalization is found by applying the assessment rate to the market value. Multiply 255,000 by 0.35: 255,000 × 0.35 = 89,250. So the assessed value before the equalization factor is $89,250. The equalization factor would come later to align values across jurisdictions, but it does not change this base assessment.