Tax Roll and Assessment Glossary

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Tax rolls and assessment records document property ownership, personal property, and taxable wealth within a community. These records often contain specialized terminology related to taxation, valuation, and property classification.

TermDefinition
AbatementReduction or cancellation of a tax assessment.
AcreageNumber of acres of land owned or taxed.
AssessmentOfficial valuation of property for taxation.
AssessorOfficial responsible for determining property value for tax purposes.
Assessment RollOfficial list of taxable property and owners.
Back TaxesTaxes owed from previous years.
Board of EqualizationAuthority reviewing property assessments for fairness.
CollectorOfficial responsible for collecting taxes.
Delinquent TaxesTaxes not paid by the required deadline.
DistrictTax jurisdiction within a county or municipality.
ExemptionProperty or individual excluded from taxation.
Fiscal YearTwelve-month period used for financial reporting.
Homestead ExemptionTax reduction for primary residence.
ImprovementBuilding or structure added to land.
LevyAmount of tax imposed by authority.
LotParcel of land within a subdivision.
Mill RateTax rate applied per thousand dollars of value.
ParcelDefined tract of land.
Personal PropertyMovable property subject to taxation.
Poll TaxTax imposed on individuals rather than property.
Property TaxTax levied on land and buildings.
Real EstateLand and permanent structures.
RedemptionPayment allowing owner to reclaim property sold for taxes.
Roll BookLedger listing taxpayers and assessments.
Tax CollectorOfficial responsible for receiving tax payments.
Tax DeedDocument transferring property after unpaid taxes.
Tax DistrictArea where specific tax authority applies.
Tax ListListing of taxpayers within jurisdiction.
Tax RatePercentage used to calculate taxes owed.
Tax RollAnnual listing of taxable property and owners.
Tax SaleAuction of property due to unpaid taxes.
Taxable ValuePortion of property value subject to tax.
TownshipLocal administrative area used for taxation.
ValuationEstimated value assigned to property.
Assessment DateDate property value determined.
Assessment LedgerBook containing tax valuation records.
Property DescriptionLegal description identifying land parcel.
Equalized ValueAdjusted value ensuring fairness across properties.
ArrearsTaxes overdue from previous period.
RevenueIncome generated from taxes.

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