Tax Type Codes Chart

A Tax Type Code categorizes and controls the function of a tax detail transaction. The table below describes each code and its effect on the tax account balance.

Tax Type Codes
Code	Abbrev.	Description	Balance Change
01	Tax	Tax Charge Notes: The Post Tax Bills program creates Tax Charge transactions for each billing. You only post the tax charges once in a tax year, even if there are multiple billings. The Tax Charge Entry program creates Tax Charge transactions for supplemental taxes.	Increase
02	Tax Pay	Tax Payment Note: The Cash Receipts module creates Tax Payment transactions when a payment is recorded. Tax payments offset Tax Charges (Tax Type Code 01).	Decrease
03	Abate	Tax Abatement Note: The Cash Receipts module creates Tax Abatement transactions to reduce the tax owed. Example: A municipality may issue an abatement to reduce the tax for a property that was assessed incorrectly or when the owner successfully challenged the assessment.	Decrease
04	Refund	Refund Note: The Cash Receipts module creates a Refund transaction when the municipality issues a refund to a property owner, sometimes for an overpayment of taxes. Example: The owner prepays $150 against the upcoming tax bill and the tax payment decreases the balance ($ -150). The actual posted Tax Charge is only $100, increasing the balance only to $-50 (negative). When the municipality refunds the $50, the Refund transaction increases the balance to zero.	Increase
05	Int Pay	Interest Payment Notes: The Cash Receipts module creates Interest Payment transactions when an owner pays the interest due for an overdue account. (The Cash Receipts module calculates the interest due for late payments using the Due Date maintained in the INTCAL table.) For more information, refer to the topic Understanding Interest Charges.	None
06	Int Cr	Interest Credit Notes: The Cash Receipts module creates Interest Credit transactions. Example: The municipality may rescind the interest charge by issuing an interest credit. Credits are issued for various reasons, such as proven hardship or a successfully challenged assessment where an abatement was issued and the interest charge cancelled. For more information, refer to the topic Understanding Interest Charges.	None
07	Lien	Lien Charge Notes: The Convert Taxes to Lien program changes the Tax Type Code on each appropriate tax detail transaction from a Tax Charge (Tax Type Code 01) to a Lien Charge (Tax Type Code 07). Because no new transaction is created, the balance does not change. The Tax Charge Entry program creates Lien transactions for supplemental liens.	None
08	Lien Pay	Lien Payment Note: Similarly to a tax payment, the Cash Receipts module creates a Lien Payment transaction when a payment is recorded, offsetting a Lien Charge (Tax Type Code 07).	Decrease
09	Lien Cr	Lien Credit Note: The Cash Receipts program creates a Lien Credit to reduce a Lien Charge.	Decrease
10	30-Day	30-Day Charge Note: You can post a 30-Day Charge using Tax Charge Entry to post a fee for generating the 30-Day Lien Letters.	Increase
11	30-Pay	30-Day Payment Note: The Cash Receipts module creates the 30-Day Payment transaction to offset the 30-Day Charge when the owner makes a payment.	Decrease
12	30-Cr	30-Day Credit Note: The Cash Receipts module creates transactions to credit against a 30-Day Charge.	Decrease
13	Lien Cst	Lien Cost Charge Notes: When you run the Convert Taxes to Lien program, you can specify a Lien Cost Charge Amount, which posts a transaction for an operating fee (in addition to the Lien Charge transaction.) The Tax Charge Entry program creates Lien Cost transactions for supplemental liens.	None
14	Lc Py	Lien Cost Payment Note: The Cash Receipts module creates a Lien Cost Payment transaction when the owner pays the Lien Cost Charge.	None
15	Lc Cr	Lien Cost Credit Note: The Cash Receipts module creates a Lien Cost Credit transaction to reduce the Lien Cost Charge.	None
16	Discount	Discount Note: The Cash Receipts module creates discount transactions to reduce the balance. Example: The municipality may offer a discount for early payments.	Decrease
17	Wrt off	Write Off Note: The Cash Receipts module creates a write-off transaction to cancel a tax charge amount.	Decrease
20	Acquired	Tax Acquired Note: The Cash Receipts module creates Tax Acquired transactions. Example: The municipality may take ownership of a property. In some cases, the original owner can continue to pay the taxes and reacquire the property when paid up.	Decrease
21	Sup Pay	Supplemental Payment Note: The Cash Receipts module creates Supplemental Payment transactions.	Decrease