A county collects property taxes on the assessed value of property, which is 60 percent of its actual value. For example, if a house is valued at $158,000.00 its assessed value is $94,800. This is the amount the homeowner pays tax on. If the tax rate is $2.64 for each $100.00 of assessed value, the annual property tax for this house would be $2502.72. Write a program that asks the user for the actual value of a piece of property and the current tax rate for each $100.00 of assessed value. The program should then calculate and display how much annual property tax the homeowner will be charged for his or her property. The program should also display the Property Value, the Assessed Value, and the Tax Rate. Display all monetary values to two decimal places Run your program three times with the data below Property Value: Tax Rate $100,000.00 2.64 $200,000.00 2.05 $350,000.00 3.10
A county collects property taxes on the assessed value of property, which is 60 percent
of its actual value. For example, if a house is valued at $158,000.00 its assessed value
is $94,800. This is the amount the homeowner pays tax on. If the tax rate is $2.64 for
each $100.00 of assessed value, the annual property tax for this house would be
$2502.72.
Write a program that asks the user for the actual value of a piece of property and the
current tax rate for each $100.00 of assessed value. The program should then calculate
and display how much annual property tax the homeowner will be charged for his or her
property. The program should also display the Property Value, the Assessed Value, and
the Tax Rate. Display all monetary values to two decimal places
Run your program three times with the data below
Property Value: Tax Rate
$100,000.00 2.64
$200,000.00 2.05
$350,000.00 3.10
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