What is a property omitted from the assessment list for?

A property omitted from the assessment list refers specifically to properties that should have been included in the assessment for the current tax year but were not. This omission can happen for various reasons, such as administrative errors, lack of information regarding the property, or failure to report changes by the property owner.

When a property is not assessed in the current year, it can have significant implications for both the tax revenue and the fair distribution of tax responsibilities among property owners in that municipality. Since assessments aim to determine the value of properties for tax purposes, an omission affects the tax base and can lead to adjustments in future assessments once the property is finally included.

The focus of the definition is on the present tax year because it is essentially an error in the current assessment process, rather than relating to prior years or future projections. Therefore, identifying a property omitted from the assessment list as relevant to the current tax year assessment aligns directly with the foundational principles of property tax assessment practices.