Property tax was the first tax levied in the state of Washington and its collection accounts for about 30% of Washingtonâs total state and local revenue. It continues to be the most important revenue source for public schools, fire protection, libraries, parks and recreation, and other special-purpose districts.
Using the Name tool, you can define a constant, such as a tax rate, that you frequently use in Excel formulas. Go to Insert | Name | Define and type a nameTaxRate, for example. In the Refers to area, type the constant value and click on OK. For a 7 percent tax rate, you would enter 0.07. Now you can write a formula like =SalePrice*TaxRate and Excel will use the constant value you defined for TaxRate.
The Microsoft Excel HOUR function returns the hours (a number from 0 to 23) from a time value. The HOUR function is a built-in function in Excel that is categorized as a Date/Time Function. It can be used as a worksheet function (WS) and a VBA function (VBA) in Excel. As a worksheet function, the HOUR function can be entered as part of a formula in a cell of a worksheet. As a VBA function, you can use this function in macro code that is entered through the Microsoft Visual Basic Editor.