If the total assessed value of a property is $52,500, what is its appraised value at 35% assessment?

To determine the appraised value of the property based on its total assessed value and the given assessment percentage, you need to use the formula:

Appraised Value = Assessed Value / Assessment Rate.

In this case, the property has a total assessed value of $52,500 and an assessment rate of 35% (or 0.35 when converted to a decimal). Therefore, the calculation is:

Appraised Value = $52,500 / 0.35.

Calculating this gives:

Appraised Value = $150,000.

Thus, the appraised value of the property at a 35% assessment rate is indeed $150,000. This calculation reflects the relationship between assessed value and appraised value based on a percentage which specifies how much of the property's market value is being taxed or recorded in the assessment. Understanding this relationship is crucial in real estate, as it directly impacts property taxes and valuations.