Mr. Able purchased a newly constructed, 4-unit apartmentproperty on January 1, 1994, for $95,000. According to the taxassessor, the property has a total assessed value of $70,000, ofwhich the impro Mr. Able purchased a newly constructed, 4-unit apartment property on January 1,1994. for \\( \\$ 95,000 \\). According to the tax assessor, the property has a total assessed value of \\( \\$ 70,000 \\ 0 answers