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?

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.