What percentage must the selected assessment percentage be of true value?

The selected assessment percentage must be 100% of true value. In the context of property taxation, the true value refers to the market value of a property. The assessment percentage determines how much of that true value is taxable. By setting the assessment percentage at 100%, it simplifies the tax calculation process, as the assessed value of a property directly reflects its market value. This means that property taxes would be calculated entirely on the true market value of the property, ensuring that taxpayers are paying their fair share based on current valuations. Lower assessment percentages, such as 50% or 10%, would mean that only a portion of the property's true value would be considered for tax purposes, deviating from the intent of equitable taxation based on the actual worth of the property.