What is a secured property escape tax bill?
An escape assessment is the increased amount in real property valuation over the regular assessed valuation from a delayed reappraisal of the property, an erroneously applied homeowner’s exemption valuation reduction, etc. A secured property escape tax bill retroactively taxes the increased amount of valuation over the regular tax bill.
An escape assessment is the increased amount in real property valuation over the regular assessed valuation from a delayed reappraisal of the property and/or an erroneously applied homeowner’s exemption valuation reduction. A secured property escape tax bill retroactively taxes the increased amount of valuation over the regular tax bill.
