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If a piece of property is assessed at $12,625 under a fractional practice of 65 percent, what is the sale value of the property?
If a piece of property is assessed at $12,625 under a fractional practice of 65 percent, what is the sale value of the property?
Expert Solution
Computation of the sale value of the property:-
Sale value of property = $12,625 / 65%
= $19,423.0.8
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