Property Tax A county collects property taxes on the assessment value of propert
ID: 3908951 • Letter: P
Question
Property Tax A county collects property taxes on the assessment value of property, which is 60 percent of the property’s actual value. For example, if an acre of land is valued at $10,000, its assessment value is $6,000. The property tax is then 64¢ for each $100 of the assessment value. The tax for the acre assessed at $6,000 will be $38.40. Design a modular program that asks for the actual value of a piece of property and displays the assessment value and property tax. Use pseudocode pleaseProperty Tax A county collects property taxes on the assessment value of property, which is 60 percent of the property’s actual value. For example, if an acre of land is valued at $10,000, its assessment value is $6,000. The property tax is then 64¢ for each $100 of the assessment value. The tax for the acre assessed at $6,000 will be $38.40. Design a modular program that asks for the actual value of a piece of property and displays the assessment value and property tax. Use pseudocode please
Property Tax A county collects property taxes on the assessment value of property, which is 60 percent of the property’s actual value. For example, if an acre of land is valued at $10,000, its assessment value is $6,000. The property tax is then 64¢ for each $100 of the assessment value. The tax for the acre assessed at $6,000 will be $38.40. Design a modular program that asks for the actual value of a piece of property and displays the assessment value and property tax. Use pseudocode please
Explanation / Answer
Comments inline. Please see the comments to understand how the code works:
def main():
# Take the property's actual value as input from the user.
actualvalueofProperty = input("Input the actual value of the property: ")
property(actualvalueofProperty)
def property(actualvalueofProperty):
# Function to calculate the property's assessment value
# from the actual value.
# We know that the assessmentvalueofProperty is equal to actualvalueofProperty*60%
assessmentvalueofProperty = actualvalueofProperty * 0.6
print 'The assessment value is $%.2f' % assessmentvalueofProperty
assessment(assessmentvalueofProperty)
def assessment(assessmentvalueofProperty):
# Calculate the tax on property.
# taxonProperty=$0.64 for every $100 of assessmentvalueofProperty.
taxonProperty = assessmentvalueofProperty * 0.0064
print 'The property tax is $%.2f' % taxonProperty
# Call the main function.
main()
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