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Agricultural Rollback | Rollback Record Parameters
 Rollback Record Parameters
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Entity is the tax entity the rollback is based on.
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Effective Date is the date the rollback became effective from the appraisal district.
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Rollback Entity is the entity used to bill and track rollback taxes.
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Rollback Year is the year the rollback starts, rollback will include previous 5 years.
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 Mode Button
The Mode Button changes depending on whether a record is being added, changed or deleted. Once all the rollback information as be entered click the mode button to add, save or delete the record.
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 Years Rolled Back Data
Years Rolled Back is where record calculation is performed.
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ACRES - Acres is the total acreage for the specific year.
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ROLLBACK - Rollback is the acreage that is to be rolled back.
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YEAR - Year is the tax year the rollback is recapturing deferred taxes.
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MKT VALUE - Market Value is the market value of the agricultural land for the specific tax year.
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AG USE - Agricultural Use is the amount of value that was taxed for the specific tax year.
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AG LOSS - Agricultural Loss is the value that was deferred and is subject to rollback.
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TAX RATE - Tax Rate for the specific tax year.
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DEFFERED TAX - Deferred Tax is the amount of tax which has been deferred and is being rolled back.
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BASE DUE - Base Tax Due is the amount of deferred tax + interest calculated on the deferral and is the amount due.
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REF No - Reference number is an account to reference the rollback, usually the original record.
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 Update Button
The Update Button updates the information entered or changed in the Years Rolled Back section.
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