Total Year's Tax refers to the total amount of taxes owed for any particular PIN in any particular year. Each PIN generates its own tax bill. The Total Year's Tax is determined using the following formula.

Assessment x State Equalization Factor x
Local Tax Rate = Total Year's Tax

Understanding the James Clark Company Statement for Services:

The James Clark Company bills as results come in throughout the year. Once the results come in from your final appeal, you will be notified of the results of the appeal through a Result Letter mailing along with a James Clark Company billing Statement for Services.

The Result Letter provides a table showing the Assessment, Fair Market Value, and Estimated Tax, again calculated using the most recent available State Equalization Factor and Local Tax Rate. A separate table shows the resultant tax savings for the number of years the reduction will last.

Please Note: In some cases the reduction you get will only last for a period of one or two years; however, in most cases the reduction will last for three years.

The James Clark Company Statement for Services reflects your fee for Real Estate Tax Services payable upon receipt. The Proposed and Reduced Assessment, Estimated and Reduced Taxes, and Tax Savings are laid out for you. Your Statement for Services will show your fee as agreed upon in your Employment Agreement.

Finally, the State Equalization Factor and Local Tax Rate used to calculate your tax savings is listed at the very bottom of the Statement for Services.

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