The total market value of a municipality is $25,000,000 and the total assessed value of a municipality is $11,250,000. what is the equalization rate for the municipality?

The equalization rate for the municipality is 45%.

Explanation:

Given that,

Total market value of a municipality = $25,000,000

Total assessed value of a municipality = $11,250,000

Therefore,

Equalization rate for the municipality =

=

= 0.45

= 45%

Hence, the equalization rate for the municipality is 45%.

answer; competency based pay;

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