The Property Assessment Cycle

Summary

The report describes the property assessment cycle, where the Assessor lists and values all taxable property and prepares assessment books. These books are delivered to individual tax levying bodies, which determine each property's share of the total budget. The County Auditor then applies rollback percentages as determined by the Department of Revenue. The cycle concludes with the County Treasurer preparing individual tax statements and delivering them to taxpayers. The process involves various entities, including schools, cities, counties, and townships.

Details

Subject

The Property Assessment Cycle

Summary

The report describes the property assessment cycle, where the Assessor lists and values all taxable property and prepares assessment books. These books are delivered to individual tax levying bodies, which determine each property's share of the total budget. The County Auditor then applies rollback percentages as determined by the Department of Revenue. The cycle concludes with the County Treasurer preparing individual tax statements and delivering them to taxpayers. The process involves various entities, including schools, cities, counties, and townships.

Report Title

The Property Assessment Cycle