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.
You can also use array constants, values you just enter in the formula bar inside braces: {}. Then you can name your constant so it's easier to use again. You can use constants in your array formulas or by themselves. In your array formula, type an opening brace, the values you want, and a closing brace.