Answer: 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 =[tex]\frac{Assesed\ value}{market\ value}[/tex]
= [tex]\frac{11250000}{25000000}[/tex]
= 0.45
= 45%
Hence, the equalization rate for the municipality is 45%.
