Review: Property Tax

[illlojik]

Hello, I am confused about this question.. I'll post..

/*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 64c for each $100 of the assessment 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 asssessment value and property tax. */

#include <iostream>
#include <iomanip>
#include <cmath>
using namespace std;

int main()
{
double tax = .60, //taxes on the assessment value of property
Acre = 10000, //How much an acre of land is valued at
Assessment, //The assessment value
num_acre; //The number of acres


cout << setprecision(2) << fixed;
cout << "How many acres are there if an acre of land is $10,000?" << endl;
cin >> num_acre;

Acre *= num_acre;

cout << "The acres of land is valued at $" << Acre << " .\n\n";
cout << "What is the assessment value of that piece of property?" << endl;

Assessment = tax * Acre;

cout << "The assessment value is $" << Assessment << " .\n\n";

system("pause");
return 0;
}

This is what I have so far, I am confused about calculating the property tax. In the comment above the definitions it said the property tax is 64 cents for every $100 of the assessment value. I don't understand how the they were able to calculate that. Please explain it to me, thank you.

[matsom]

tax per 100 = 0.64
tax per 1000 = ?
tax per 6000 = ?

or

The tax for the acre assessed at $6,000 will be $38.40.

6000 * x = 38.4, solve for x.

p/s you may have to rewrite your code XD

[Mathhead200]

assessment $ ●  64 c  ●   1 $  
                100 $    100 c

Answer in $ (dollars)

[illlojik]

Alright I think I got it but I would to make something clear about what matsom did.
So say my Acre of land is $50,000 and that would make it assessed at $30,000.

would this apply to it?
tax per 100 = .64
tax per 1000 = 6.4
tax per 10000 = 64
tax per 30000 = 192

so the it would be.. The tax assessed at $30,000 will be $192 ?

[matsom]

illlojik wrote:

would this apply to it?

Yes. You can also use Mathhead200's formula and get the same result.

[illlojik]

okay so this is what I came up with after I ran it

#include <iostream>
#include <iomanip>
#include <cmath>
using namespace std;

int main()
{
double Value = 10000, //How much an acre of land is valued at
Assessment = .60, //The assessment value of the property
num_acre, //The number of acres
Property_tax; //Property tax on the assessment value

cout << "How many acres are you trying to buy? ";
cin >> num_acre;
cout << "\n\n";

cout << setprecision(2) << fixed;

Value *= num_acre;

cout << "The actual value for the property you are trying to purchase\n";
cout << "comes out to $" << Value << "\n\n";

Assessment *= Value;

cout << "The assessment value comes out to $" << Assessment << "\n\n";

Property_tax = Assessment * .0064;

cout << "The property tax is 64c for every $100 of the assessment value." << endl;
cout << "The tax for the property assessed at $" << Assessment << " will\n";
cout << "be $" << Property_tax << "\n\n";
system("pause");
return 0;
}