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
Kandi Pitrus
Kandi is a friendly, outgoing member of the Berkshire Hathaway Home Services Commonwealth Real Estate team. Before her entry into Real Estate, she worked for a Fortune 500 company for over 15 years in a variety of international sales and marketing positions.
Kandi has a team of employees who assist her in managing her business. Her team includes a Marketing Manager who leads all advertising activities. She has an Office Manager who coordinates all transactions and manages all back-office tasks. Lastly, she has an Administrative Assistant who performs all other day-to-day functions allowing Kandi to work in-person with buyers and sellers.
