Define "assessment roll."

An assessment roll is defined as a document that lists all properties within a jurisdiction along with their assessed values. This document serves a critical function in the property tax system, as it details the valuation of properties to determine the appropriate property taxes owed. By including pertinent information about each property, such as ownership, location, and assessed value, the assessment roll provides a comprehensive view of the property landscape within a given area.

In the context of property taxation, the accuracy and timeliness of the assessment roll are essential because they ensure that local governments can fairly levy taxes and provide necessary services. The roll is typically updated annually to reflect changes in property values due to market fluctuations, new constructions, renovations, or other factors that may affect property valuation.

This definition highlights the role of the assessment roll as a foundational document in the realm of property assessment and taxation, making it an essential tool for assessors in managing properties within their jurisdiction.