Rates

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:

In this section, we explain how to set up your organization's rates.

Fastpath: Refer to How Rates Affect The Information On A Bill for how billing uses the information in a rate to calculate a bill segment.
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.