Which is NOT one of the five requirements of the legislature regarding assessments and taxes?

The determination of post-tax revenue is not one of the five requirements mandated by the legislature regarding assessments and taxes. Instead, the focus of these requirements is primarily centered around establishing a fair and equitable assessment process for property taxes.

Uniform general ad valorem taxation ensures that property taxes are applied consistently across different properties, promoting fairness in tax assessments. Establishing equalization of assessments is critical for addressing discrepancies in property valuations to ensure that all properties are taxed at their true cash value. Determining true cash value of property is foundational to accurately assessing property taxes, as it reflects the current market value of a property.

In contrast, while post-tax revenue is an important consideration for municipalities and local governments in planning their budgets and financial forecasts, it is not part of the legislative framework that governs the assessment and taxation process itself. The focus of legislature requirements revolves around the methods and principles used to assess property values rather than the revenue outcomes of those assessments.