How do I calculate personal property taxes?

Running Calculate Personal Property Taxes will compute taxes on personal property and create billing transactions.

The routine uses the tax district and tax codes that have been assigned to the personal property, you can use Modify Existing Personal Property to view or change the assigned tax district and tax codes.

Contents

  1. Watch a video
  2. Calculating personal property taxes

Watch a video

Calculating personal property taxes

1. Open Connect Property Tax Collection > Personal Properties > Calculate Personal Property Taxes.

The current period is the current year from January to December. The current period is the default period for this routine.

2. Enter the Billing Date.

This is the date the routine will use to record the personal property tax transactions that will be created when you click GO.

Note: Use the Selection Criteria to filter personal property taxes by account, taxing district, or tax code.

3. Set up the option Create Zero Amount Transactions.

Create a transaction for a zero amount for properties that are 100% exempt or have a taxable value of zero. When the checkbox is not selected, the routine will not create any zero amount transactions.

Create Zero Amount Transactions checkbox

4. Click GO (CTRL+G).

The personal property taxes calculate.

2019.08, 2019Jun06

 

 

Copyright © 2025 Caselle, Incorporated. All rights reserved.