What information does the assessment roll NOT need to contain?

The assessment roll is a vital document used in property taxation, and it contains several key pieces of information necessary for the proper functioning of the property tax system.

In this context, the roll does not require an explicit market value of the property. Instead, it focuses on the assessed value, which is determined by the assessor based on a variety of factors. The assessed value is what will be used to calculate taxes owed, and it may differ from the market value, which reflects the price at which a property might sell in an open market. This distinction is important because the market value can fluctuate due to economic factors, while the assessed value is meant to maintain a stable basis for tax purposes.

The other components of the assessment roll, such as the name of the person liable for taxes, the final assessed value, and a legal description of the property, are essential to ensure accurate tax billing and collection processes. Having these details allows for clear identification of properties and their owners in relation to tax obligations, ensuring transparency and adherence to local tax laws.