Concept explainers
Property Tax
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 then $0.64 for each $ 100 of the assessment value. The tax for the acre assessed at $6,000 will be $38.40. Create a GUI application that displays the assessment value and property tax when a user enters the actual value of a property.
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