Tax rolls: Why they matter in real estate

by Mac Chinsomboon 10/22/2024

A tax roll, sometimes called an assessment roll, is a record of all the properties subject to taxes in a given area. These lists include detailed information about properties and associated taxes, including land and vehicles in some states. To better understand the relationship between tax rolls and real estate, here's the basic info to know:

What information is included in a tax roll?

A real estate property tax roll is a record of all properties subject to taxes in a particular jurisdiction. The rolls can be broken down by city, county, state and national levels for tracking and data-management purposes. Each property on a tax roll has important details, including:

  • owner
  • location
  • property classification
  • value
  • valuation date
  • appraiser
  • taxable status
  • tax owed

Why property tax rolls matter

Property tax rolls are important in real estate for a few reasons. One reason is they provide reliable documentation about a specific property's assessed value and how it might have changed over time. They can also show records of prior tax issues like liens or delinquency potential homeowners might want to be aware of.

Tax rolls can also help both borrowers and lenders confirm the assessed value of a property for determining loan approval and interest rates. Having a standardized source of official facts about specific properties can help in all steps of important financial decisions.

About the Author
Author

Mac Chinsomboon

Degrees: BS Engineering, MBA Finance, Juris Doctor.

I'm named by Boston Magazine as Top Real Estate Agent, and RealTrends ranking of #125#125 of all MA Agents (see https://youtu.be/LdZw5E6WeFM). Please feel free to reach out for a consultation, and here is a direct link to my schedule for a 1-1 video conference call: https://meetfox.com/en/e/mac 

Feel free to check out my new Relocation and Remote Work blog at https://www.relo.ai - I can refer you and your friends to any location Worldwide.

Massachusetts Institute of Technology (MIT Sloan), MBA - Finance

University of Colorado - BS Electrical Engineering

Purdue Global - Concord Law School, Juris Doctor