All of these and
many other kinds of taxing districts (over 6000 in all) rely on the
property tax for major portions if not all of their funding. Schools
receive the largest portion of the property tax dollars, often more than 60% of each dollar collected.
players of the property tax are the assessing authority, [Township
Government] and the taxing authority [see list above]. The taxing authority
determines the amount of property tax to be collected through budgets and
tax levies. The assessing authority
determines how the total amount of tax collected will be apportioned among
taxpayers; in other words how tax dollars will be spread among those
responsible for payment. This
apportioning is based on an ad valorem concept (according to value).
have a responsibility in the process.
monitor the taxing authorities spending policy by attending budget
hearings and providing input. Second
is to monitor the assessing
authority policy and accuracy in apportioning the burden. This is accomplished by comparison of
one's assessed value to other
properties with similar value and filing a complaint for the review
of value when an error or, inequities exist.
office spends a great deal of time and effort
monitoring all aspects of the township economic development.
This includes tracking building permits, maintaining records of
ownership and tax liability. Also
maintenance and creation of tax
maps when a property transfers and there is a change in ownership lines,
including new subdivisions. The
assessor's office is an information center for other units of government,
and private industry. Data must be as current as possible, accurate, and
available on request in a concise yet comprehensive format.
office is responsible for listing, discovering, and valuing all
property in the township. The
process is on going and recycles each
year. In addition, the assessor must
be prepared to defend each and every value estimate before both a
local appeal board and a state appeal board.