What is involved in the initial task of discovering properties for assessment?

The initial task of discovering properties for assessment primarily involves listing all taxable and exempt properties. This is a foundational step in the assessment process as it allows the assessor to create an accurate inventory of properties within a municipality. Identifying both taxable and exempt properties ensures a comprehensive understanding of the real estate landscape, which is essential for determining the overall tax base and ensuring equitable taxation.

When assessors compile this list, they also gather relevant details about each property, such as ownership, use, and any exemptions that may apply. This thorough documentation enables assessors to keep accurate records, informs future assessments, and helps ensure compliance with tax laws. Without this initial inventory, it would be challenging to implement effective property tax administration and management within the municipality.