Tax rolls: A homeowner's guide to the basics

by Jill Mallett 06/13/2022

Tax roll is a term you may have encountered when figuring out your property taxes. But what exactly is a tax roll, and why does it matter to the average homeowner? If you're wondering how this term factors in to your situation and real estate overall, here is a short guide to help:

What are tax rolls?

A tax roll is a list of all taxable properties in a specific area. Tax rolls are also called assessment rolls, and are maintained by the corresponding municipal government. There are usually multiple levels of tax roll, including local, county, state and national databases.

What are the different types of tax rolls?

The two main types of tax rolls are property tax rolls and motor vehicle tax rolls. There might also be separate rolls for tracking other types of taxable assets not fitting into either category.

Why are property tax rolls important?

Tax rolls are important for several reasons. They serve as an official record of property taxes in a given area and for specific properties. They contain detailed information about each property, including legal description, property classification, the assessed value of the land and improvements made, the individual ratepayer's contact information and owners code.

Having this information all in one place makes it easy to track variables like home values and corresponding tax obligations. It also means issues involving unpaid taxes can be spotted and dealt with accordingly by the local tax authorities. While property tax rolls may not be important during everyday life for most homeowners, they are important to understand when buying, selling or refinancing a property.

About the Author
Author

Jill Mallett

Have you ever heard anyone say, "Do what you love and you will never work a day in your life?" Years ago I had this, "epiphany moment" and it lead me here...to you. Because of my love of helping people, I work hard to create an enjoyable real estate experience for my clients.  New to this area? Not only will I help you find that perfect home but I specialize in showing all that this area has to offer. My background in leadership, sales, communications, and negotiations are the driving force that will allow me to guide you through the process of buying and/or selling your home. I currently hold a real estate license in both Tennessee and Georgia and I am involved in multiple Real Estate Associations.

As a member of Premier Property Group, I am able to couple my love of Chattanooga and its' surrounding areas with my entrepreneurial spirit, and use them to share with you the beauty of Tennessee and Georgia. When I am not assisting you, I am often exploring this amazing town with my husband, children, and grandchildren. We enjoy biking, walking, and long hikes with our chocolate lab.  I also enjoy cooking and fellowship with my Church and neighborhood friends. Call me I can't wait to get our friendship started!!!