Authors:
Tony Gaddis
Chapter:
Simple Functions
Exercise:
Programming Exercises
Question:5 | ISBN:9780132576376 | Edition: 2
Question
A county collects property taxes on the assessment value of property, which is 60 per-cent of the property’s actual value. For example, if an acre of land is valued at $10,000,its assessment value is $6,000. The property tax is then 64¢ for each $100 of the assess-ment value. The tax for the acre assessed at $6,000 will be $38.40. Write a program that asks for the actual value of a piece of property and displays the assessment value and property tax.
Answer
Code:
# Create a function named assessment().
# This function is used to get the property tax.
def assessment(assessment_value):
# Calculate the property tax.
# Property_tax=$0.64 for every $100 of assessment_value.
property_tax = assessment_value * 0.0064
print ('The property tax is $%.2f' % property_tax)
# Create a function named property().
# This function is used to get the property value.
def property(property_value):
# Calculate the property's assessment value
# using the actual value.
# assessment_value=actual_value*60%
assessment_value = property_value * 0.6
print('The assessment value is $%.2f' % assessment_value)
assessment(assessment_value)
# Create a main() function.
def main():
# Ask for the property's actual value.
property_value = float(input("Enter the property's actual value: "))
property(property_value)
# Call the main function.
main()
Output:
Enter the property's actual value: 500000
The assessment value is $300000.00
The property tax is $1920.00
>>>