Revaluation Second Year — Town Wide — FY29
ASSESS-003Cost by year
$20,000 total| Year | Expenditure type | Basis | Amount |
|---|---|---|---|
| FY2029 | not stated | no basis | $20,000 |
Funding by source and year
more than one source per year is supported| Source | Class | FY29 | Total |
|---|---|---|---|
| CRF: Property Revaluation | Saved in advance | $20,000 | $20,000 |
| Residual against cost | 0 | $0 | |
Actual spend
manual entry or CSVNothing recorded. Actuals sit at the same grain as the funding above — by year and by source — so plan against actual works at the level the money was planned at.
Life cycle
| Useful life | 10 yrs |
| Condition | — |
| Last purchase | 2019-07-04 00:00:00 |
| Previous investment | $15,000 |
| Next investment | $20,000 |
| Trade-in value | — |
| Replacement year | FY2029 |
The Town paid $15,000 last time and will pay $20,000 next — 33% more.
Classification
proposed| Importance | 2 |
| Timing rationale | Outside deadline |
| Project type | Replacement or maintenance |
Proposed by rule. Nobody has confirmed it, so nothing built on these values states a fact.
Movement window
Not set. How far this project can move does not exist in the register, and the scenario engine cannot move anything without it. This is a question for the department, not a default.
Narrative
Property Revaluation is done periodically to ensure assessments are consistent similar properties and sales
A picture is recorded in the register at S:\databases\CIP database\photos\Assessing\revaluation.JPG — upload it on the edit page to show it here.
Who pays
CRF: Property Revaluation — Property taxes, General Fund.