Addresses, phone numbers, and email addresses are now presented in a clean horizontal layout that is color-coded for easily locating the information. These boxes all offer cut and paste abilities and include new fields to specify which record is the default as well as whether the record is current.
The new Savings report provides an easy to read, step-by-step explanation of each parcel’s savings and how they were achieved. The columns for the Prior Value, Beginning Value, Current Value, and Reduction, allow clients to easily follow the value progression for each parcel. By including the Prior and current tax rates, Prior Year Tax Amount, Current Beginning Tax Amount, and Current Tax Amount, the Savings number is explained clearly and concisely.
The report also displays any exemptions or other reductions affecting taxable value, along with their beginning and final amounts to ensure clarity in the calculation.
The parcels total by property and each property line includes identifying information as well as its Assessors and Jurisdictions.
This report also offers a great deal of flexibility. You can use filters for State, Assessor, Real or Personal, Property Type, Consultant, and Client.
The report also offers customization of display and layout. You can control the order of the report results, as well as choosing whether to include certain columns (Prior Year Value, Prior year Tax, Beginning Tax, Reductions/Exemptions, Client Name, Client Number, Property Assessors, Property Jurisdictions), and whether to use shading in the property header rows.
The new Value Comparison report provides an account by account indication of the change between two value types. By displaying the difference in value and the percentage change, the report can give you a quick view of the difference between any two value types along with the total change and percentage change. Some popular examples include:
- Compare Prior with Proposed to see how Assessors are setting values in the new year.
- Compare Proposed to Current or Target to see how your value work is progressing.
- Compare Rendered to Proposed to see how Assessors are handling values filed on BPP returns.
This report offers a great deal of flexibility. In addition to choosing which two value types to compare, you can use filters for State, Assessor, Real or Personal, Property Type, Consultant, and Client. You can even filter for specific contacts or specific contact roles to get a report for a specific person. Other available options include only showing appealed accounts, hiding settled accounts, and excluding specific value statuses.
The report also offers customization of display and layout. With full control of the order of the report results, you can also easily change the order of the description columns to meet your needs, as well as choosing whether to include certain columns, and whether to show assessed or market values.
Some reductions are standard across a jurisdiction or mandated by statute. You can set these up once on the jurisdiction and then the settings will be available for any parcel using that jurisdiction.
Open a jurisdiction, click on the Reductions tab, right-click and choose Add JurReduction.
For example, the city of Fort Worth Texas offers a Homestead Exemption of 20% of the parcel's value.
Fort Worth ISD offers a state mandated set amount of 15,000.
Enter these for each type of reduction a jurisdiction offers, and for each jurisdiction that offers them.
Now that these are setup on the jurisdiction, when you add a reduction to a parcel they will show up as options. Check the boxes for the appropriate types, click Process and the reduction information will fill in automatically.
These reductions will also show up on the taxes tab and tax records just like manually entered reductions.
How to use the Reductions section of the parcel to handle Exemptions, Abatements, and other adjustments to the parcel's taxable value.
The reductions section of the parcel screen in SigerTax allows you to adjust a parcels taxable value.
You can find it on the value tab of the parcel screen underneath the value section.
Click inside with a right click and choose add reduction.
This tool will help you handle situations such as abatements, charitable exemptions, homestead exemptions and all kinds of other situations that require an adjustment to the taxable value.
This list is completely customizable and you can add entries for any situation you may need.
Please note that the reduction section is not for reductions that come as a result of your appeal work. Those would go in as a separate value column. These reductions are for adjustments to the taxable value of a specific parcel.
If the reduction is calculated using a set amount or percentage, use the top two boxes and the calculated checkbox to have the system calculate the reduction for you. Good examples of this situation include a 10% abatement or a homestead exemption offering 15% and $2000.
Enter the amount and percentage to include in the calculation, and check the boxes for the jurisdictions offering it and click save. The system will calculate the reduction and enter it in the appropriate fields.
Note that the amount calculated is the amount of the reduction itself and not the new value of the parcel
Because the reduction is calculated, changes to the parcel's value will update the reduction as well.
On the taxes tab the jurisdictions affected by the reductions will have a reduction-specific code, or list of codes if there are multiple reductions to the right of the jurisdictions name.
Opening the tax record will show you how the taxable value for that particular tax record was affected by the reduction.
The system will also handle reductions that are not calculated or need to be calculated by hand.
For this situation, simply type in the amounts of the reduction you are requesting, the beginning amount, and the current or final amount.