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.
Without using an array formula, we would execute the following steps to find the greatest progress. 1. First, we would calculate the progress of each student. 2. Next, we would use the MAX function to find the greatest progress. We don't need to store the range in column D. Excel can store this range in its memory. A range stored in Excel's memory is called an array constant. 1. We already know that we can find the progress of the first student by using the formula below. 2.