Question

A county collects property taxes on the assessment value of property, which is 60 percent of the property's actual value. If an acre of land is valued at $10,000, its assessment value is $6,000. The property tax is then $0.64 for each $100 of the assessment value. The tax for the acre assessed at $6,000 will be $38.40. Design a modular program that asks for the actual value of a piece of property and displays the assessment value and property tax. (In pseudocode please)

Answer 1

Here is the simple pseudocode

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// input property value from user

property_value = INPUT ("Enter property value: $")

// calculate assessment value using the below calculation
assessment_value = property_value*0.6

// calculate tax below
tax = assessment_value*0.64/100

// output the assessment value and tax
OUTPUT ('Assessment Value: ${}',assessment_value)
OUTPUT ('Property Tax: ${}',tax)