In python, A county collects property taxes on the assessment value of property,

Question

In python,

A county collects property taxes on the assessment value of property, which is 60% of the property's actual value. For example, if a property is valued a $50,000, it's assessment value is $30,000. The property tax is then $0.56 for each $100 of the assessment value. The tax for the property assessed at $30,000 will be $168.00. Write a function called propertyTax that takes a property's actual value and returns the property tax using 60% for the assessment value and $0.56 per $100 of assessment value to calculate the tax. Round to 2 decimal places.

Explanation / Answer

def propertyTax(value): return '{:.2f}'.format(value * 0.6 * 0.0056) print(propertyTax(50000))

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