Modeled Values Update

Navigate: Closed Personal Property Appraisal > Batch Processes > Modeled Value Update

Description

Update modeled values tax year, group and valuation status. Appraisers use this task to perform a comparative analysis on personal property reporting data. This enables the appraiser to:

  • Determine reasonableness thresholds.

  • See how individual filings compare to the filings of similar businesses in the county.

  • Determine how a filing compares to the filing of the subject taxpayer last year.

This data benefits processes to

  • Apply statutory values to non-filers

  • identify audit candidates

  • Automate the filing confirmation process.

Steps

  1. On the Update Modeled Values screen, enter the model name.

  2. Select the Tax year.

  3. Select how to group it from the Group by drop-down list. Options are:

    • Business use code (BUC)

    • North American Industry Classification System (NAICS) cod.

  4. Select the Valuation status. Options are:

    • Certified value

    • Worksheet value

  5. Click the Include overrides checkbox to include overrides in the value update.

  6. In the Schedule Batch Job panel, enter or select the date and time you want to schedule the job.

    OR

    Select the Recurring schedule checkbox and make a selection from the Occurs drop-down list to define a recurring schedule.

    Daily

    Monthly

    Functional Calendar

  7. Click Finish.