A county collects property taxes on the assessment value ...

A county collects property taxes on the assessment value of a property

finance

Description

A county collects property taxes on the assessment value of a property, which is 60% of the property’s actual value. For example, if an acre of land is valued at $10,000.00, its assessment value is $6,000.00. The property tax is then 64 cents for each $100.00 of the assessed value. The tax for the acre assessed at $6,000.00 will be $38.40. Write a program that asks the user to enter the actual value of the property. The program should calculate and display the assessment value and the property tax.

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