A tax roll, sometimes called an assessment roll, is a record of all the properties subject to taxes in a given area. These lists include detailed information about properties and associated taxes, including land and vehicles in some states. To better understand the relationship between tax rolls and real estate, here's the basic info to know:
What information is included in a tax roll?
A real estate property tax roll is a record of all properties subject to taxes in a particular jurisdiction. The rolls can be broken down by city, county, state and national levels for tracking and data-management purposes. Each property on a tax roll has important details, including:
- owner
- location
- property classification
- value
- valuation date
- appraiser
- taxable status
- tax owed
Why property tax rolls matter
Property tax rolls are important in real estate for a few reasons. One reason is they provide reliable documentation about a specific property's assessed value and how it might have changed over time. They can also show records of prior tax issues like liens or delinquency potential homeowners might want to be aware of.
Tax rolls can also help both borrowers and lenders confirm the assessed value of a property for determining loan approval and interest rates. Having a standardized source of official facts about specific properties can help in all steps of important financial decisions.
About the Author
Larry Leonzi
Thinking of Buying or Selling? Give me a call. I will explain the whole process from beginning to end to make it as stress free and enjoyable as possible. I have over three decades of Experience and have won many Awards including Top Producer, Top Listing Agent, Top Selling Agent, and in a 10 week intensive course on Listing & Selling Techniques, I won the highest Award in a class of 100 agents for the Top Producer with 18 transactions completed during the course. Remember, My Knowledge is Free, My Advice is Priceless.
