Question
In python 3, A county collects property taxes on the assessment value of property, which is 60% of the property's actual value. For example, if
In python 3,
A county collects property taxes on the assessment value of property, which is 60% of the property's actual value. For example, if a property is valued a $50,000, it's assessment value is $30,000. The property tax is then $0.56 for each $100 of the assessment value. The tax for the property assessed at $30,000 will be $168.00. Write a function called propertyTax that takes a property's actual value and returns the property tax using 60% for the assessment value and $0.56 per $100 of assessment value to calculate the tax. Round to 2 decimal places.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started