The x-intercept is the point where the graph cuts the x-axis, and the y-intercept is the point where the graph cuts the y-axis.
The x-axis is the line y = 0 and the y-axis is the line x = 0. To find the intercept between each axis and our graph, we just need to evaluate our function at x = 0 and y = 0.
Calculating the x-intercept, we have

The x-intercept is (8, 0).
Calculating the y-intercept, we have

The y-intercept is (0, -2).
The assessment rate is a uniform percentage and varies by tax jurisdiction, and could be any percentage below 100%. After getting the assessed value, it is multiplied by the mill levy to determine your taxes due. For example, suppose the assessor determines your property value is $500,000 and the assessment rate is 8%.