Special Assessments
| Apllication Settings | Date Type/ Value Type | Comment | Action |
|---|---|---|---|
| Aggregate commission data for use by Distribution | Tax Year | (California) Used for aggregate processing, determines whether to use aggregate commission data for tax distribution. This setting determines whether fee/commission data, as defined on the Maintain Special Assessment screen and as set up on the Maintain Rules and Rates and Maintain Fee screens is accumulated. | Set as applicable to your jurisdiction. False is the default. |
| Associate TAG(s) to a Special Assessment | Tax Year | This determines whether the Associated TAGs tab displays on the Maintain Special Assessment screen. | Set to True to display the Associated TAGs tab on the Maintain Special Assessment screen. This allows each special assessment to be associated to zero or more TAGs (effective by year). These associations can be used for validation of the SA import. See also Special Assessment Import prerequisite information. |
| Assessed and Certified Assessment Only | Effective Date | Determines whether to import assessed and certified assessments only. | Set to True (default) to include only assessed/certified assessments. Set as applicable to your jurisdiction. |
| Create Separate SPA Bill (One Bill for All Specials) | Tax Year | Determines whether to create a separate bill for special assessments, with all special assessments listed on that separate SPA bill. | Set to true to create a special assessment bill that shows all special assessments, in addition to the regular tax bill. See also the Create Separate SPA Bill (Individual Bills per SPA) setting. |
| Create Separate SPA Bill (Individual Bills per SPA) | Tax Year | Determines whether to create a separate bill for special assessments, with a separate bill created for each special assessment. | Set to true to create separate special assessment bills for each special assessment. False is the default. See also the Create Separate SPA Bill (One Bill for All Specials) application setting. |
| Default Totals Only for mass process Calculation/Posting | Tax Year | This is used to indicate the Value Report that is produced during the Calculation process and the Posting process. | The default is true. Set to False to print the Detailed report after Calculations and Postings. |
| Import Correction Reason Code | Tax Year | Defines the reason code to use for corrections for data imports. | Select the applicable import correction reason code, e.g., Escape Value Discovered Account, Duplicate Assessment, etc. |
| Inventory Valuation Threshold | Tax Year | (California) Sets a revenue object value type minimum amount. The value type minimum amount is validated when running the Special Assessment Import, Criteria Associations, and Revenue Object Maintenance processes. These settings are checked during the Special Assessment Import, Criteria Associations, and Revenue Object Maintenance processes.
If the Inventory Valuation Threshold is set to the default of 0.00, the process continues without performing the threshold validation. If value is defined, the following occurs: Assessment Administration provides the certified value for the value type indicated in the Inventory Valuation Threshold-ValueType setting (next setting in this table) to use for comparison for the year being processed. If the valuation is less than the defined threshold value, the PIN is skipped for the special assessment with the import report log message Valuation (n) does not exceed threshold, where n is the value returned by Assessment Administration. If the valuation is greater than the threshold value, the PIN is added to the special assessment. If Assessment Administration does not return a value (perhaps the value hasn’t been certified yet), the value is assumed to be 0.00, which triggers the rejection of the revenue object for the special assessment. |
Set the minimum amount as applicable. The default is 0.00. See also the Inventory Valuation Threshold-Value Type to use for comparison application setting. |
| Inventory Valuation Threshold-Value Type to use for comparison | Tax Year | (California) The short description of the value type to use for comparison purposes in the validation for the minimum amount set by the Inventory Valuation Threshold application setting. | Enter a short description name of the Value Type, for example, assessed. See also the Inventory Valuation Threshold application setting. |
| ValChange Reason used for posting of annual billing | Tax Year | Defines the value change reason available for selection and to use when a value change is applied to a bill during annual posting, e.g., Escape value discovered account, Change TAG, Eminent Domain, etc. | Select the value change reason as applicable. See also the next setting, ValChange Reason used for posting of roll corrections.. |
| ValChange Reason used for posting of roll corrections | Tax Year | Defines the value change reason available for selection and to use when a value change is applied when posting roll corrections, e.g., Escape value discovered account, Change TAG, Eminent Domain, etc. | Select the value change reason as applicable. See also the previous setting, ValChange Reason used for posting of annual billing. |
| Value Change Reason for Special Assessment Payoff | Tax Year | This setting is used when performing an early payoff for an amortized special assessment. | Select the value change reason you want to use when performing an early paying off for an amortized special assessment. Note: You must select a value change reason that triggers a correction. |
| Create Separate SPA Bill (One Bill for All Specials) | Tax Year Boolean | This setting is used to determine how special assessments are billed. | Set to True to create one separate bill for all special assessments on a revenue object. Note: You cannot have this setting and the 'Create Separate SPA Bill (Individual Bills per SPA' set to true at the same time. |
| Create Separate SPA Bill (Individual Bills per SPA) | Tax Year | This setting is used to determine how special assessments are billed. | Set to True to create a separate bill for each special assessments on a revenue object. Note: You cannot have this setting and the 'Create Separate SPA Bill (One Bill for All Specials' set to true at the same time |
| Value Variance | Effective Date | This setting allows the input of a value variance in order to notify the jurisdiction if variance | Enter a percentage representing the allowable value variance. |