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What are omitted taxes?

omitted taxes
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What are omitted taxes?

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Omitted taxes are for improvements (generally buildings) to the property to which value should have been assessed in prior years but wasn’t. Omitted assessments can be added for up to 3 prior years. Taxes are based on the assessed value and levy rate appropriate for each prior year. You get an additional year to pay omitted taxes. The regular taxes (non-omitted) remain due in February and will be late if half is not paid by April 30th.

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