Location - Characteristics

The Characteristics page contains information that controls taxation and other rate options that differ based on geography. Use Main Menu > Registration > Location > Characteristics to open this page.

Description of Page

The assessed value of a location and the total obligation amount are controlled by the location's characteristic values (e.g., the taxing city defines the city tax percent applied to the location's value or certain renovations made to the location affect the appraised value). Refer to An Illustration Of A Rate Factor And Its Characteristics for more information.

Note:

You can only choose characteristic types defined as permissible on the location record. Refer to Setting Up Characteristic Types & Their Values for more information.

The following fields display:

Effective Date: Indicate the effective date of the characteristic type and value. The effective date defaults from the Installation Record when you are adding a new location. The effective date defaults to the current date when you are changing an existing location.

Characteristic Type: Indicate the type of characteristic.

Characteristic Value: Indicate the value of the characteristic.

Note:

Default note. A location's characteristics default from your postal default information. Refer to Setting Up Location & Service Point Postal Defaults for more information. If you change the location's postal code, the system will default characteristic values based on the new postal code.