TC> Maintenance> Exemption Maintenance

Exemption Maintenance

 

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.

 

Related Links

Click here for information on the Bill Maintenance 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.