Property Tax

Manages property parcels identified by APN (Assessor's Parcel Number) with ownership history supporting joint, trust, corporate, and government ownership types. Assessed values are tracked per fiscal year with the rule that assessed cannot exceed market value. Six exemption types (homestead, veteran, senior, disability, agricultural, religious) reduce taxable value. Tax rates are defined per levy per district (General Fund, School, Fire Protection). Annual batch bill generation calculates taxable value times millage rate using Decimal.js, creates one bill per parcel per fiscal year (PT-YYYY-NNNNNN), and automatically creates AR invoices. Delinquent batch processing marks bills and AR invoices delinquent.