What is the process where the assessor identifies all taxable property in the jurisdiction?

The process where the assessor identifies all taxable property in the jurisdiction is known as discovery. This step is crucial in the assessment process as it involves locating and cataloging all properties that are subject to taxation. Discovery ensures that all taxable entities are recognized and accounted for, which is essential for equitable tax assessment.

The discovery process typically involves various methods, including reviewing property records, conducting field visits, and utilizing data from other governmental agencies. By identifying all taxable properties, assessors can create a comprehensive base for taxation, ensuring that the tax burden is distributed fairly among property owners.

Classification, assessment, and appraisal refer to different aspects of property taxation. Classification pertains to categorizing properties based on their use or characteristics, assessment involves determining the value of the properties for taxation purposes, and appraisal is the act of estimating the market value of a specific property. While all these processes are related to property taxation, discovery is specifically focused on identifying what property exists in the jurisdiction.