What does Potential Tax Liability mean?

This statement identifies all properties that are receiving a special assessment on their land, farm or forest. The flag informs the owner that if the land-use changes from special use there is the possibility of an additional tax to the property. This notation is also helpful to title companies, realtors, and potential buyers (in some cases, properties could be flagged for some sewer liens or road district liens).

Show All Answers

1. What are Farm and Forestland assessments?
2. What is the difference between the RMV and the AV?
3. What is the Potential Additional Tax flag that appears on some properties?
4. What does Potential Tax Liability mean?