Chad Tompkins Real Estate LLC
Chad Tompkins Real Estate LLC, Chad Tompkins Real Estate LLCPhone: (601) 750-1579
Email: [email protected]

Understanding tax rolls in real estate

by Chad Tompkins Real Estate LLC 11/21/2023

A tax roll, sometimes called an assessment roll, is a record of all the properties subject to taxes in a given area. These lists include detailed information about properties and associated taxes, including land and vehicles in some states. To better understand the relationship between tax rolls and real estate, here's the basic info to know:

What information is included in a tax roll?

A real estate property tax roll is a record of all properties subject to taxes in a particular jurisdiction. The rolls can be broken down by city, county, state and national levels for tracking and data-management purposes. Each property on a tax roll has important details, including:

  • owner
  • location
  • property classification
  • value
  • valuation date
  • appraiser
  • taxable status
  • tax owed

Why property tax rolls matter

Property tax rolls are important in real estate for a few reasons. One reason is they provide reliable documentation about a specific property's assessed value and how it might have changed over time. They can also show records of prior tax issues like liens or delinquency potential homeowners might want to be aware of.

Tax rolls can also help both borrowers and lenders confirm the assessed value of a property for determining loan approval and interest rates. Having a standardized source of official facts about specific properties can help in all steps of important financial decisions.

About the Author
Author

Chad Tompkins Real Estate LLC

Chad Tompkins Real Estate LLC. is a design-build company for residential customers, also offering traditional real estate brokerage services.

Whether you’re in the research phase or already have your dream home designed, you’ll benefit from having an experienced builder by your side. I have been building in the greater Jackson area for more than 20 years.  

References are available upon request.