Re/max Executive Realty
Cheryl Fleming, Re/max Executive RealtyPhone: (508) 667-6816
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Understanding tax rolls in real estate

by Cheryl Fleming 06/24/2024

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
Author

Cheryl Fleming

 "Client satisfaction is my #1 priority". I will consistently offer exceptional service with integrity to my clients as a professional. You have my personal commitment to work aggressively and constantly until your goal is attained whether you are buying or selling. I will communicate with you on a consistent basis and deal with details regarding pricing, home inspections, and appraisals. I will be considerate of your situation and ensure the process is a smooth transition.