Which assessment is performed for omitted properties under property tax laws?

The correct answer, which refers to Omitted Property Assessment, is based on specific procedures set by property tax laws when properties have not been included in the tax roll during initial assessments. When a property is omitted, it means that there has been an oversight that prevents the property from being assessed and subsequently taxed. The Omitted Property Assessment process allows the tax assessor to officially assess the value of the property and ensure that it is placed in the tax roll, thereby enabling taxes to be collected for that property.

This assessment is necessary to maintain equity and fairness in the taxation system, ensuring that all properties contribute to the funding of local government services. By conducting an Omitted Property Assessment, assessors can rectify these oversights and ensure that previous mistakes do not unfairly benefit some property owners over others.

While the other options may relate to property assessment practices, they do not specifically address the process for handling properties that were initially overlooked in the assessment cycle. For example, Assessed Value Adjustment typically refers to changes made to the valuation of properties already included in the tax rolls, while Tax Roll Amendment involves making changes to the tax roll for various reasons not specifically tied to omissions. Corrective Valuation could suggest adjustments due to errors or disputes but does not directly address the