Rates may be used to do any number of calculations for a taxpayer,
such as assessments for filing based tax types, real property taxes,
complicated penalty and interest rules or interest calculations for
overpayments.
CAUTION:
The rates functionality described here is supported
for use in calculating penalty and interest and simple form calculations.
The
calculation engine is the recommended
functionality for any new calculation configuration.
CAUTION:
Any references in this chapter to “billing” are
referring to the
classic billing functionality.
This is not the recommended billing functionality for any new implementations.
The rates engine is not used by the
billing functionality.
CAUTION:
Any references in this chapter to “location”
are referring to
legacy address functionality.
Rate and rate factor functionality do not support
centralized address definitions
for taxpayer location.
The rate controls:
-
How charges are calculated.
-
How the charges appear aesthetically on the taxpayer's
bills, for billed obligation types.
-
How the general ledger is affected by the charges.
In this section, we explain how to set up your organization's rates.
Note:
Not all obligations reference a rate. It's
important to understand that the system may not determine the applicable
rate for a calculation solely from the obligation. For example, the
rate used to calculate an assessment may be referenced on the tax
form type. Whether or not an obligation uses a rate and the list of
rates that can be specified on an obligation are controlled by the
obligation's
obligation
type.
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