Tax roll is a term you may have encountered when figuring out your property taxes. But what exactly is a tax roll, and why does it matter to the average homeowner? If you're wondering how this term factors in to your situation and real estate overall, here is a short guide to help:
A tax roll is a list of all taxable properties in a specific area. Tax rolls are also called assessment rolls, and are maintained by the corresponding municipal government. There are usually multiple levels of tax roll, including local, county, state and national databases.
The two main types of tax rolls are property tax rolls and motor vehicle tax rolls. There might also be separate rolls for tracking other types of taxable assets not fitting into either category.
Tax rolls are important for several reasons. They serve as an official record of property taxes in a given area and for specific properties. They contain detailed information about each property, including legal description, property classification, the assessed value of the land and improvements made, the individual ratepayer's contact information and owners code.
Having this information all in one place makes it easy to track variables like home values and corresponding tax obligations. It also means issues involving unpaid taxes can be spotted and dealt with accordingly by the local tax authorities. While property tax rolls may not be important during everyday life for most homeowners, they are important to understand when buying, selling or refinancing a property.
An enthusiastic polo player, aviatrix and fourth generation member of one of the oldest winery families in the Napa Valley, Roberta has lived in the Bay Area her entire life. She has over thirty years of experience in buying, selling and managing real estate in the residential, investment and commercial markets. Not content to just “get the job done”, she wants to exceed your expectations. Roberta believes in service with commitment. Utilizing the kind of knowledge that is obtained only through extensive life experience and an in-depth understanding of the area and local market, she works with you to provide maximum results. During her accomplished career, Roberta has refined important skills in communication, negotiation, attention to detail and sound business practices, all of which are vital to the success of her clients today. Please call Roberta directly at 707.339.0233 to discuss your real estate needs.