A county collects property taxes on the assessment value of property, which is 60 percent of the property's actual value. If an acre of land is valued at $10,000, its assessment value is $6,000. The property tax is the 75c for each $100 of the assessment value. The tax for the acre assessed at $6,000 will be $45. Write a program that asks for the actual value of a piece of property, then displays the assessment value and property tax.

While you write code, please make sure that you include specifications from the textbook (image above), and those included below. 1. You will need to accept input for assessed year, name of assessor, assessed address, and actual value. Use cin and cout statements to accept input from user. Please use detailed and clear statements to accept user input. 2. Use constants to hold assessment rate and property tax rate. Make sure you use uppercase while you declare names of the constants. 3. Calculate the assessment value and property tax. 4. Display the assessed year, address, assessment value, property tax, and assessor name with clearly identifying labels. Each of the items must be displayed on separate lines. For example, if the assessed year is 2023, then the assessed year display could be: Assessed Year: 2023 5. All currency values must be displayed with a $ preceding it, and with 2 places after the decimal. 6. Code must contain general comments with your name and a brief description of the program, one new thing you learned this week, and any challenges you faced. Make sure you include comments in your code. You are not expected to include comments for every line of code, just the major code blocks..like input, calculations, output etc. General Comments must be in the following pattern //Name: Your Name // Write a one-line statement on what the program does // 1 new concept that was easy for you to learn this week // Any challenges this week? For this Programming Challenge, you will need to send me the complete program code as a code file (.cpp file).

Grading method:

Variables defined for year, assessor name, assessed address, actual value, assessment value, property tax .Constants for assessment rate and property tax rate .Steps to accept input for year, assessor name, assessed address, actual value .Calculation of assessed value and property tax .Comments in your code- general comments with name, program description etc. and comments in the main program body .Display the assessed year, address, assessment value, property tax, and assessor name on separate lines and with clearly identifying labels. Currency values are displayed with $ and 2 decimal places.