assessment rolls

Assessment rolls are official lists created by local governments that detail properties within a community and assign each a specific value used for taxation purposes. These rolls determine how much property owners pay in property taxes based on the property's assessed value. They are regularly updated to reflect changes like new buildings, renovations, or market value shifts. Essentially, assessment rolls serve as a key tool for fair and organized property tax collection, ensuring that each property contributes appropriately to local services and infrastructure.