Question

For python:

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 property.

Answer 1

property_value = float(input("Enter property value: "))
tax_rate = float(input("Enter current tax rate for each $100.00: "))
tax = (0.6 * property_value) * (tax_rate / 100)

print("Tax is ${:.2f}".format(tax))