Total Personal Property Tax by Year to summarize the amount of personal property taxes assessed, billed, collected, or outstanding for a specific tax year. Reviewing yearly totals helps track tax activity over time, verify financial data, and support reporting, budgeting, and reconciliation processes. Comparing totals by year can also help identify trends and ensure tax records are complete and accurate.

Examples:

• Review the total personal property taxes billed for a tax year.
• Compare tax revenues between the current year and prior years.
• Verify yearly tax totals before preparing financial reports or closing a tax period.
• Analyze changes in assessed values and their impact on tax collections.
• Reconcile annual tax activity with General Ledger and accounts receivable balances.

By totaling personal property tax by year, you can evaluate tax performance, support financial reporting, and ensure yearly tax records are accurate and complete.

Adding the Current Period Tax Billings By Year

Add the Period Tax Billings variable to the form layout for printing the personal property tax statement. You can set up the variable properties to use the Period Tax Billings variable to total the current period tax billings for the current or previous year. The variable uses the current period date as the end date and looks back one year from the end date.

Do this...

1. Launch Forms (Organization > Forms).

2. Open a form definition.

3. Press CTRL+L to open the Variables List.

4. Enter Period Tax Billings.

5. Click Insert Variable.

The Settings form displays.

6. Use the List menu to select Current Period.

The variable uses the current period date as the end date and looks back one year from the end date.

7. Click Accept.  

The Period Tax Billings variable is set up to total all of the tax billings on the property for the prior year.