Tax Master Maintenance - Exemptions Tab

The table below describes the fields in the Exemptions Tab for Tax Master Maintenance.

Notes:

Exemptions Tab

Tip:  To see even more information about a particular field, click the hyperlink for the field name.

Exemption Code

Click a valid Exemption Code in the drop-down list.

Tip:  To remove an existing exemption, click 00 and change the Exemption Amount to zero.

Code Description

Displays the description associated with the Exemption Code.

Exemption Amount

Enter the dollar amount of the exemption.  (7.2)

Exemption Type

Displays the Exemption Type (Personal Property or Tax Credit) associated with the Exemption Code.

Note:  For more information about Exemption Types, click the field name.

Total Exemptions

Displays the calculated total of the amounts for exemptions whose Exemption Type is P for Property Exemptions.

Notes:

  • This field displays only if the value is not zero.

  • The total of the property exemption amounts is deducted from the Taxable Value, which appears under the Assessment Tab.

Total Credits

Displays the calculated total of the amounts for exemptions whose Exemption Type is T for Tax Credit.

Notes:

  • This field displays only if the value is not zero.

  • The total of the tax credit  exemption amounts is deducted from the Taxable Value, which appears under the Assessment Tab.

Other Tax Master Topics