Answer:
assessed value = $64,800
Explanation:
given data
market value = $720,000
equalization rate = 9%
to find out
What is assessed value
solution
we get here assessed value that is express as
assessed value = market value × equalization rate .......................1
put here value we get, assessed value
assessed value = $720,000 × 9%
assessed value = $720,000 × 0.09
assessed value = $64,800
