Summary

Exemptions represent a reduction in property tax bills for certain specified reasons. The Exemption Maintenance window provides list of exemption codes that are maintained in the system. Exemptions that are applied to a specific bill are displayed on the bill's Exemption tab.

Step by Step

1    Open the Exemption window (TC> Maintenance> Exemption).

• The Exemption window displays all of the exemptions that have been set up in the database.
• Select an exemption and click DELETE to delete the selected exemption.
• Select an exemption and click EDIT open the Exemption Maintenance window and edit the existing exemption.
• Click the Create Exemption button to open the Exemption Maintenance window and create a new exemption.

2    Create an Exemption.

• The Exemption Code field is used to enter a user-defined exemption code, such as 41101 for Veteran.
  • Once an exemption has been saved, the Exemption Code field cannot be edited.
• The Description field is used to enter a description for the exemption code, such as VETERAN for exemption code 41101.
• The Priority field is used to set the priority for the exemption code.
  • First – This exemption will be applied before any exemptions with a priority of second and last.
  • Second – This exemption will be applied after all the exemptions with a priority of first are applied, and before any exemptions with a priority of last.
  • Last – This exemption will be applied after any exemptions with a priority of first and second.
• The Type field is used to specify how the exemption amount will be calculated.
  • Variable – The exemption amount can be a different dollar amount for each parcel. The exact amount of the exemption is entered for each parcel.
  • Percentage – The exemption amount is defined as a percentage of the assessed value. The system will prompt for the standard percentage to be applied to the assessed value.
    • When Percentage is selected, the Type Value field will be enabled and a percentage amount can be entered for exemption.
  • Fixed Dollar Amount – The exemption amount is the same dollar amount for each parcel. The system will prompt for the Fixed Dollar amount for the exemption.
    • When Fixed Dollar Amount is selected, the Type Value field will be enabled and a fixed dollar amount can be entered for exemption.
• The Max Amt field is used to enter the maximum dollar amount that this exemption can be for any parcel.
• Check the Apply To Taxables toggle to indicate the exemption is applicable the type of assessed value selected below.
  • Check the County, Town, and/or School toggles to indicate the exemption is applicable to the selected entity.
• Click the Save button once the exemption details are complete.