Inputting listings that have multiple parcels (tax records)

 

When you are inputting a listing with multiple parcels, there are some important things to remember concerning the tax records:

1.  There are multiple ways to enter in the parcel ID. 

    a. Use the parcel ID from the largest parcel. After you have saved the listing as Active, go back in and overwrite any information (taxes, assessment, acreage, square feet, etc.) that autofilled from the tax record with the combined figures from all of the parcels being listed.  

   b. If none of the parcels have a tax record, you can enter 999999999 as the parcel ID with the understanding that the listing will not autofill any tax record data and that you will have to manually map the property.

 

2.  You must use the combined assessments and tax amounts for all parcels included in the listing. This is the most accurate way to give the complete picture of what your buyer can be expected to pay in property taxes. 

     This means that:

    a. The assessment amount would be calculated as follows: Parcel 1 assessment + Parcel 2 assessment + etc. = Total Listing Assessment

                                                AND

    b. The tax amount would be calculated as follows: Parcel 1 Tax Amount + Parcel 2 Tax Amount + etc. = Total Tax Amount

    c. You must also include the current mil rate and tax year.

 

3.  Remember to spell out how you determined these amounts and where other agents can find the information you used to get the Total Listing Assessment and the Total Tax Amount. The best place to do this is in the Confidential Agent Only Remarks. You should include the address of each parcel, its unique MLS parcel ID, the assessment amount and tax amount.

Ex. 123 Main Street, Any town, CT, 06---, PID 123456789, Assessment $123,456, Tax amount $1,234

      124 Main Street, Any Town, CT 06---, PID 234567890, Assessment $23,456, Tax Amount $2,345

 

 

 

Related articles :

Correcting tax information on INC listings

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