What kind of report provides the proration status to OPM?

The M-35P Proration Report is specifically designed to provide the proration status to the Office of Policy and Management (OPM). This report systematically outlines adjustments and allocations related to property taxes, specifically addressing how the value or burden of property taxes is shared and prorated among municipalities.

Proration reports are crucial for ensuring that municipalities receive appropriate funding based on their taxable property values and the adjustments that may be necessary due to various factors, such as changes in property ownership or assessments. By supplying accurate and timely data, the M-35P plays a vital role in maintaining financial equity and transparency in taxation processes.

Other reports mentioned, like the M-35B Report or the Property Tax Report, serve different purposes and do not focus specifically on proration status. The Income Adjustment Report, while related to financial adjustments, does not pertain to property tax proration and, therefore, is not relevant in this context. Thus, the M-35P Proration Report stands out as the dedicated report fulfilling the requirement of providing proration status to OPM.