Question

Create an application that calculates and displays the amount of a homeowner’s property tax. The tax is 1.35% of the property’s assessed value, which will be entered by the user. (F2.1, F2.2, F2.3, and F2.4, A2.1, A2.2, A2.3, A2.4, and A2.5)

Answer 1

To calculate property tax, convert the tax rate from a percent to a decimal and multiply it by the property's assessed value. For example, 1.35% tax on a $200,000 home results in $2,700 of property tax.

Step-by-step explanation:

To create an application that calculates and displays the amount of a homeowner’s property tax, you must perform a relatively straightforward mathematical operation. The property tax is calculated by taking 1.35% of the property's assessed value. Let's walk through the steps using an example.

Suppose the homeowner's property is assessed at $200,000. First, convert the percentage to a decimal by dividing by 100:

1.35% ÷ 100 = 0.0135

Next, multiply the decimal by the assessed value of the property to find the amount of property tax:

$200,000 × 0.0135 = $2,700

Therefore, the property tax for a $200,000 home would be $2,700.

To calculate the amount of a homeowner’s property tax, you need to multiply the property’s assessed value by the tax rate. In this case, the tax rate is 1.35%. First, you convert the 1.35% to a decimal by dividing it by 100: 1.35/100 = 0.0135. Then, you multiply the assessed value by the decimal to find the tax amount. For example, if the assessed value is $200,000, the tax amount would be: $200,000 x 0.0135 = $2,700.