Qualified Property Values

Navigate: Tax > Levy Management > Qualified Property Values

Description

Use this task to maintain land, improvement, and personal property values by TAG for qualified property.

Steps

1. On the Manage Qualified Property Value by TAG screen, make a selection from the Effective Tax Year drop-down list.

2. In the TAG Unitary Value of panel, click Add Tag.
3. In the TAG column, enter a valid TAG.
4. In the Land column, enter the size of the property.
5. In the Structures column, enter the number of structures on the property.
6. Click Save in the Command Item bar.
• Click Cancel to discard your changes.
• Click Delete in the TAG Unitary Value of panel to remove a TAG.
• Click Close to end the task.

Click here to learn how to calculate 1% Qualified Electric Factors.

1. Import the QP TAG-level  values via  Asmt Admin > Reports and Extracts > Data Interfaces > Import to import values.

2. Then, click Tax > Levy Management > Factor Calculations > Qualified Property Values to manage the QP TAG-level values.

3. Next, calculate QP Apportionment factors via Tax > Processing > Tax Roll Processing. Select a tax year and the Apportionment Factors process. Run Calculate QP Apportionment Factors.

4. Finally, view the calculated rates in Tax > Distribution > Apportionment Factors > Apportionment Factor Group Rates.