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.
Name a Range of Cells. In Excel, you can create names that refer to a single cell, a group of cells on the worksheet, a specific value, or a formula. After you define Excel names, you can use the names in a formula, instead of using a constant value or cell references. For example, a cell that contains the tax rate could be named SalesTax. Then, other cells could multiply sales amounts by the named range, SalesTax.