What is a supplemental tax bill?
A. A supplemental tax bill is a one-time tax bill determined by an event. Two common events that will generate a supplemental tax bill are a change in ownership of the property or completion of construction on the property. The amount of the supplemental tax bill is determined by taking the difference of the assessed value on your property at the time of the event and the new assessed value of the event as determined by the Assessor. For a detailed explanation of Supplemental Tax Bills, please click here.
In simple terms, a supplemental tax bill reflects any increase or decrease in property tax generated by a supplemental event, effective immediately after the event takes place. A supplemental assessment becomes effective on the first day of the month following the month in which a supplemental event takes place. For example, if a supplemental event occurs on September 5, any increase or decrease in taxes resulting from that event becomes effective October 1.
In simple terms, a supplemental tax bill reflects any increase or decrease in property tax generated by a supplemental event, effective immediately after the event takes place. By law, a supplemental assessment becomes effective on the first day of the month following the month in which a supplemental event takes place. So in other words, if a supplemental event occurs say on September 5, any increase or decrease in taxes resulting from that event become effective on October 1. If it occurs on April 23, it becomes effective May 1, and so on. Q. What is the “Supplemental Roll?” “Supplemental Roll” is a theoretical term used to describe a monthly accumulation of supplemental assessments made by the Assessor. The new assessments are first sent to the County Auditor for enrollment and, after that, to the Tax Collector for the creation and mailing of supplemental bills. Those supplemental assessments enrolled each month reflect the assessments submitted by the Assessor in the prior month re
The supplemental bill is for taxes on the increase in assessed value, prorated from the date of change in ownership or date of completion of construction to the end of the Fiscal Year. It is in addition to the original secured tax bill for your property. It does not replace the original bill. This bill is sent directly to the homeowner and NOT to the mortgage company.
Related Questions
- I bought a house in the last year and just got my property tax bill, but I also received two supplemental tax bills. Whats going on?
- Mooresville Graded Schools receive a special supplemental tax paid by Mooresville residents, so how come they need even more money?
- When are supplemental tax bills mailed?
