Certified Pennsylvania Evaluator Practice Exam

If the assessed value of a property is $96,250 and the base year value is $275,000, what is the county's predetermined ratio?

1. 0.25 or 25%

2. 0.30 or 30%

3. 0.35 or 35%

4. 0.40 or 40%

The correct answer is: 0.35 or 35%

To determine the county's predetermined ratio, you need to divide the assessed value of the property by the base year value. In this case, the assessed value is $96,250 and the base year value is $275,000. When you perform the division: $96,250 ÷ $275,000 = 0.35 When you convert this decimal into a percentage, you multiply by 100, which gives you 35%. Thus, the predetermined ratio reflects the proportion of the property's assessed value relative to its base year value, which is expressed as 0.35 or 35%. This ratio is crucial for understanding how properties are assessed compared to historical values for taxation purposes, ensuring equitable taxation within the county.