Assessments and Taxes

Nakisa Portfolio Management Suite allows you to easily track your property assessments and calculate your property taxes for your premises in one centralized location. The Assessments and Taxes form allows you to create assessments, add your property tax information, and create a one time charge for the tax amount.

You can also add appeals and vacancies.

Assessments are created per year, and you can create multiple assessments within an assessment year. Assessments and taxes can be added at any time, but the associated contract must be active to create one time charges.

To create an assessment year:

Click Main Menu > Premises, and select the required premises.
Click Assessment and Taxes.
In the New Assessment section, click . The Create Assessment window opens.
If you have previous assessment years, you can duplicate the data from those assessment years by clicking Copy from Existing, and selecting the required year.
In the Identification section:
1. Set the Assessment Year.
2. Enter the Roll Number.
3. The Address field is populated based on what was entered at the location level.
4. Enter the Reference Number.
5. Enter a Name for this assessment year.
6. Select the Property Type.
7. Set the Roll Start Year and Roll Duration.
8. Enter any other required information, and optionally add a Description.
In the Assessment section:
1. Set the Reference Date of the assessment.
2. Set the date range of the assessment with the Date From and Date To fields.
3. Enter the assessment amounts in the various assessment fields.
4. The Total Assessment field is populated based on the combined amounts entered in the assessment fields.
Attach any required documents.
Click Create.

Once an assessment year is created, you can continue to add additional assessments, as well as certificate assessments. To add an assessment, click in the Assessments section and repeat step 6 from the previous list.

When you receive your tax documents for the assessment year, you can add your tax information and create a one time payment.

To add tax information:

Click in the Taxes section of the Assessment and Taxes form.
Enter the Reference Number.
Enter the Billing Date.
Select the Tax Type.
Set the date range for the tax period with the Tax Period Start Date and Tax Period End Date fields.
Enter the Taxable Assessment amount.
Enter the Total Taxes.
Set the Tax Rate.
Set the First Payment Date.
Select the Tax Bill Version.
Set the Status.
Click Save.

To create a one time payment:

In the Taxes section, click > Create Tax Charge next to the tax period you want to create a payment for.
Enter a Name for the charge.
Select the Expense Category.
Set the Due Date for the charge.
The Balance is based on the Total Taxes entered for the period.
Ensure the Payment Split for vendors is correct.
Click Save. The one time payment is created and can be viewed and posted in the Scheduled Payments module.