What is an unsecured property escape tax bill?
An unsecured escape assessment is the increased amount in valuation over the regular assessed valuation from a delayed reappraisal of the property and/or an erroneously applied homeowner’s exemption valuation reduction where the taxes are not a lien against real estate. An unsecured personal property escape tax bill taxes the increased amount over the regular tax bill. An unsecured property escape tax bill based on real property retroactively taxes the increased amount of valuation over the regular tax bill.
