Which event is NOT a priority in the order of calculations for exemptions?

In the context of property appraisal, exemptions are prioritized based on their impact on assessed values and the timing of those assessments. When determining which factors influence the calculation of exemptions, events such as new property additions, destruction or damage to existing property, and omitted property are typically given precedence due to their direct influence on the current taxation and assessment processes.

New property refers to properties that have recently been added to the tax rolls, and it is essential to account for these changes promptly to ensure accurate assessments. Destruction or damage is also critical, as it can significantly reduce a property's value, warranting a reassessment to reflect this new state. Omitted property involves properties that were accidentally left out of previous assessments, which can also require immediate adjustments.

Subdivision, while important in its own right, typically does not influence exemption calculations to the same extent as the aforementioned events. A subdivision refers to the division of a larger plot into smaller lots; it affects property use and development but may not immediately alter the overall assessed value in a manner requiring urgent recalculation of exemptions. Therefore, subdivisions are not prioritized as high as the other events when calculating exemptions.