The overseers of the parish typically create a valuation list, which is a document containing details of all the taxable properties in the parish. This list includes information about the occupier, owner, property size, estimated rental income, and the corresponding tax amount to be paid.
The valuation list is a comprehensive inventory of all the ratable hereditaments within a parish. It contains essential details such as the occupier’s and owner’s names, property information, property extent, gross estimated rental, and ratable value. Traditionally, the overseers of each parish are responsible for compiling this list. For instance, a valuation list for a parish may include the following information: Occupier’s name: John Smith, Owner’s name: Jane Doe, Property: 123 Main Street, Property extent: 2 acres, Gross estimated rental: $1,000 per month, Ratable value: $800 per year. This information plays a crucial role in determining the taxes that each occupier must pay based on their property’s value. The valuation list serves as a vital tool for local governments to ensure the fair assessment and collection of taxes.
A valuation list is a document that contains the assessed values of properties within a specific jurisdiction for the purpose of determining property taxes.
The frequency of updates to the valuation list can vary depending on the jurisdiction. In some areas, it may be updated annually, while in others it may be updated every few years.
The value of a property is typically determined by assessing factors such as its location, size, condition, and any improvements made to it. Appraisers or assessors may also consider recent sales of similar properties in the area.
Yes, property owners have the right to dispute the assessed value of their property if they believe it is inaccurate. This usually involves filing an appeal with the appropriate local authority and providing evidence to support their claim.
If you disagree with the outcome of your property value dispute, you may have the option to further appeal the decision to a higher authority, such as a local board of assessment appeals or a tax court.
Yes, the assessed value of your property on the valuation list directly impacts the amount of property taxes you are required to pay. Higher assessed values generally result in higher property tax bills.
In some jurisdictions, property owners may have the ability to request a reassessment of their property’s value outside of the regular valuation list updates. This is typically done if there have been significant changes to the property that may affect its value.
Yes, there may be exemptions or discounts available for certain properties, such as those used for charitable purposes or owned by senior citizens. These exemptions or discounts vary by jurisdiction, so it is important to check with the local tax authority for specific details.
In many jurisdictions, the valuation list is considered public information and can be accessed by anyone. This allows individuals to review the assessed values of properties in their area or for other purposes, such as real estate research.
The valuation list for your property is typically maintained by the local tax authority or assessor’s office. You can usually request a copy of the valuation list or access it online through the official website of the relevant authority.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 17th April 2024.
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