PLEASE HELP SOLVE #1-7

1. Fair market value of a property is the a. Price at which property can reasonably be expected to sell b. Seller purchase price c. Same as property taxable amount 2. Assessment rate of a property is the a. Rate by which property is multiplied to find assessed rate b. Same as the assessed value c. None of the above 3. Assessed value of a property is equals to a. fair market value multiplied by assessment rate b. Total Amount of Tax Needed + Property Tax Rate c. All the above 4. A property tax rate of 2.17% is an equivalent of a. $2.17 per $ 100 b. $ 21.7 per $1000 c. All of the above 5. A tax rates in mills is a. one-thousandths of a dollar b. thousands dollars c. a whole number 6. Find value of 72 mills a. 72,000 b. 7.2 c. .072 7. An insurance company employees who assign a classification to a building are defined as: a. Underwriters b. Territorial ratings c. Replacement cost agents 8. Coinsurance clause requires the owner to have an insurance policy in effect with a