Tax Estimator

Navigate: ClosedTax > Levy Management > Tax Estimator

Description

NOTE: This task may not apply to your jurisdiction.

This task provides a process to bill for the portion of the property being split, prorated over the remaining months in the current tax year. Use this task for a property split due to eminent domain and the need to collect an estimated tax bill for the split portion prior to the annual roll being available from the property appraiser.  

The charge is collected as surplus. Since it is not to be disbursed, it is only held in surplus to pay next year’s actual charges.

Because these advance billings occur after the lien date, they are always prorated for the remainder of the assessment year. To accomplish this, the current appraised values are used to calculate assessed and taxable values, which are then prorated for the remainder of the year.

Taxes are extended against the prorated values using the most recent tax rates for the TAG, and the estimated taxes are printed on a tax bill form. The taxpayer is required to pay the estimated tax, but the tax is not entered as receivable in A/R because the tax roll has not yet been prepared. Instead the amounts are collected and attached to the property and escrowed.

Riverside, California

  • Tax estimates can now be calculated for the next tax year for manufactured homes. Either search for an existing estimation or create a new estimate. Click on the Data Entry tab and enter the Request Date. Verify all other entries are correct, then click Calculate. Once the calculation is complete, click on the View Estimates tab. Click Finish to finalize the estimate. This estimate cannot be edited after you click Finish. To set role security for Tax Estimator:

      1. Go to Configuration > Security and User Maintenance > Roles > Maintain a Role.

      2. Click Edit on a role to advance to the Edit Role Details screen.

      3. Expand the menu items tree to Tax > Levy Management > Tax Estimator.

      4. Set security rights for the role as needed.

      5. Click Details to set additional role details for this task and view.

Steps

  1. On the Search for Estimate screen, enter your search criteria and click Search.

    • In the Estimations panel, select the checkbox for one or more items in the grid and click Next.

    OR

  2. Click New in the Command Item bar.
    • On the Create New Estimate screen, make a selection from the Effective Year and Estimation Type drop-down lists and enter a PIN or AIN.
    • Click Add.
    • Click Next in the Command Item bar.
  3. On the Maintain Estimate Details screen, the information at the top of the screen is read-only.
  4. The fields in the middle of the screen are automatically populated. Make changes as needed.
    • Class (property class code)
    • TAG
    • Mailing Address
    • Make a selection from the Report drop-down list.

    NOTE: In the following tabs, you can toggle between Show History and Show Status. A Refresh button on each of the panels refreshes the data as the initialization and calculation occurs.

  5. In the Initialization tab, click Details for an item in the Process Steps panel.
    • On the View Batch Process Details screen, click the hyperlink in the File panel to view the log.
    • Click Close to return to this screen.
  6. In the Data Entry tab, enter or select the Request Date.
    • Optionally, select the Include Uncertified Supplemental checkbox.
    • Enter an estimate override amount.
  7. In the Calculation tab, click Calculate in the Command Item bar. When calculations are complete, the fields in the Process Steps panel are populated.

    8. NOTE: Calculations may take a few minutes to complete during which time other actions may become unavailable.

    • Click the Details button to open the View Batch Process Details screen to view any error and log text files. Click Close to return to this screen.
  8. In the View Estimates tab, the estimated taxes information is read-only.
  9. In the Reports tab, you can see reports that have been run for this item.
  10. Click Finish in the Command Item bar to generate the estimated bill.
  11. Click View Report in the Command Item bar to open and view a report of the process.
    • Click List to return to the Search for Estimate screen.
    • Click Close to end the task.