Bill Based Taxes

Bill based taxes are billed on a predefined schedule. Property tax, periodic licensing fees, and vehicle taxes are examples of bill-based taxes.

For bill-based taxes, the system has all of the necessary information to initiate assessments. The system creates assessments on a schedule. One or more assessments may exist for each billing period, depending on whether the bill is payable in installments and the applicable business rules for applying penalty and interest. If a taxpayer disputes a bill, the bill is cancelled and rebilled without creating incremental assessments.