Levy Maintenance

Navigate: Tax > Levy Management > Tax Rate Maintenance > Levy Maintenance

Description

Maintain the requested and actual levies which will be used to calculate tax rates.

Jurisdiction Specific Information

Riverside, CA

• A workflow is initiated for each fund to calculate primary rate and to calculate variance when saving changes on the Maintain Levy Requests screen via Levy Maintenance. If the variance is outside of the expected tolerance, correspondence needs to be generated to the Tax Authorities.

Steps for Levy Maintenance

1. Review the list of levies by tax year on the Select Levy to Maintain screen.

2. On the Maintain Levy Requests screen, enter request amounts by tax authority fund.

3. Enter modifiers to change initial levy request amounts on the Edit Levy Request Modifiers screen.

Prerequisites

Levy Management

• Levy Setup - The types of levies that will be used for levy requests must be defined.

• Tax Authorities - Set up tax authorities and their associated funds prior to entering levy request amounts.

Configuration

• Systype Maintenance - Set up any Levy Reason Code systypes you will need to track levies.

Other Sources

• Receive the levy request amounts from the tax authorities.

Dependencies

Levies must be set up before Tax Rate Calculation.