an additional property tax bill based on the difference between the prior and the new assessed value of real property
an adjustment in real property valuation resulting from upward changes in assessed value due to changes in ownership or completion of new construction
When property is assessed due to a change in ownership or completed new construction, a supplemental assessment is issued. It is the difference between the new assessed value and any prior assessments for an assessment year.
An assessment of real property occurring after the regular assessment roll is filed on June 30th of each year as a result of new construction or a change in ownership.
A property tax levy made in accordance with Chapter 3.5 of Part 0.5 of Division 1 of the Revenue and Taxation Code. Supplemental assessments are levied whenever a property, or a portion thereof, changes ownership or experiences new construction. The amount of each supplemental assessment is the difference between the property's new base year value --determined as of the date of change in ownership or completion of new construction -- and the existing taxable value.
An assessment generated by reassessable changes in ownership or assessable new construction, that is in addition to the annual assessment. A supplemental assessment represents the difference between the current enrolled value and the value which is established as of the date of the event, (change in ownership or completion of new construction). Each event generates a separate supplemental assessment which becomes a lien on real property. Events that occur between January 1 and May 31 result in two supplemental bills: the first bill is for the balance of the current fiscal year; the second bill is for all of the upcoming fiscal year.
An assessment given to students who have passed the course work but failed the comprehensive final assessment in one course in a semester, provided they have successfully completed with final passing grades all the other courses in that semester. Students may fail 2 courses in Foundations and be eligible for supplemental assessment(s) in those 2 courses Suspension: A required temporary absence from the HCT
An assessable event, a change in ownership or completion of new construction, which occurs on or after the January 1 lien date resulting in a supplement to the regular assessment. These types of events create a new base value. A supplemental assessment has its own tax bill issued outside the regular billing period and becomes a lien on real property as of the date of the reassessable event.
An assessment of real property occurring after the real property lien date of January 1st of each year as a result of new construction or a change in ownership. The assessor determines the new value of the property based on current market values, and then calculates the difference between the new value and the old value set on January 1st.