What is an assessment roll?

An assessment roll is a document that outlines the value of property in the state of Pennsylvania for the purpose of collecting property taxes. This document includes information about each property, such as its location, size, and any improvements or features that have been made. It also lists the calculated property tax rate for each property. This assessment roll is typically updated at least once a year and is used to calculate an annual tax bill for each property owner. The assessment is based on a formula that takes into account the market value of the property, as well as any exemptions that may apply. Depending on the jurisdiction, the assessment roll may also list any applicable taxes or fees associated with the property. Property taxes are based on the amount of the assessed value, and the rate varies depending on the jurisdiction, ranging from zero to several hundred percent of the assessed value.

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