Adding a 25.25(d) Penalty for the Current YearLast Revised: February 5, 2019 |
|
A 25.25(d) penalty is incurred when the property owner or chief appraiser files a motion to change the property value in order to correct an error, and the resulting appraisal increases the property value by more than a third. Penalty of 10% of the new base tax is added to the levy for each tax unit on the account. ACT adds this penalty to the base levy and stores the amount on the Penalty Detail tab on the Receivable screen. If the 25.25(d) penalty is removed later, the penalty amount becomes $0.00. Penalties for all years are displayed on the Penalty Detail screen.
To use refund money to pay off levy increases caused by adjustments, set the client preference ESCROW_DA_TU and ADJUSTMENT_REFUND_TU by entering the escrow or refund tax units (separated by comma) from which funds will be taken.
If an account has been written off due to a legal situation such as a judgment or bankruptcy, you will get a warning message if you try to make a levy change on the Account Master screen.
User Entitlements
The following user entitlements must be set for each user who needs access to the Property Value Detail screen. They are part of the Make Value and Levy Account Master Changes and View Only Major Screens tasks.
Users having any job can view the Property Value Detail screen. Changes can be made with the CAD Changes Save and Calc AG Rollback job. See Tasks, Entitlements, and Jobs for more information.
ACT8002: Allow users to view the Account Master screens.
ACT8005: Allows users to view the Receivable screen.
PRIOR_YEAR_BUILD: Allow users to click the Prior Year button
ACCTM_SAVE_AND_CALC_BUTTON: Allow users to click the Save and Calculate button
ACCTM_PROPVAL_DETAIL_UPDATE: Allow users to change and insert information on the Property Value Detail tab. This includes the value fields on the Summary tab.