What does the Omitted Assessment list aim to include in its documentation?

The Omitted Assessment list is specifically designed to document properties that were entirely overlooked and not included in the assessment roll for taxation. This process ensures that all taxable properties are accounted for, thus maintaining equity in taxation. When properties are omitted from the assessment roll, it can lead to significant imbalances in the tax base, which is why creating a comprehensive list to identify such properties is critical.

Including properties that have been completely missed is necessary to ensure that they are added to future assessment books, allowing local governments to collect appropriate taxes on these properties, which in turn supports public services and infrastructure. This list ensures fairness by making sure that all property owners are contributing their fair share to the tax system.

In contrast, properties with enhanced market value, those that have undergone renovations, or properties within tax districts do not specifically address properties that were omitted from initial assessments, focusing instead on changes in property characteristics or regional classifications.