New Enhancements to Public Records

On December 19, 2015, two enhancements were made to the Public Records (MPAC propertyline™) application in Stratus.

Additional Assessment Information
Enhanced Property Detail information is available in both the desktop and mobile interface with added assessment information. You will now see the full, 4-year Phased-In Assessment details without being required to purchase an additional report.

To view the assessment information for any searched property, open the Property Detail ViewPort, and then scroll down to the Valuation Information section.

From the Valuation Information for the above property, we know that:

1. from the 2008 valuation date to the 2012 valuation date, the property's assessed value increased by $69,000.
2. each Taxation Year, 25% of the total increase is added to the previous year's Phased-In Assessment. In the example above, the Phased-In Value will increase $17,250 annually for each taxation year of the 4-year cycle.
3. the current 2015 Taxation Year, shown in red, has a Phased-In Assessment Value of $357,750. That value is used for calculating realty taxes for the 2015 tax year.
4. at the end of the 4-year cycle, the Phased-In Assessment is the same as the Assessed value on the last valuation date (currently January 1, 2012).

Municipal Tax Rates
Realtors should remember that the phased-in assessment value is always used for calculating property taxes.  Municipalities typically set the tax rates in the spring; therefore always ensure the Taxation Year Phased-In value corresponds to current published municipal tax rate.

Please note: Because this enhancement involved the addition of new data and related fields in the Property Detail Report, Members may need to clear their propertyline™ search history and then perform a new search for these properties.  This can be done by clicking on the red trash can located at the bottom of the search results pane in propertyline™.

MPAC Reports Now Available in Bundles
Members who buy reports from the RealStor in significant numbers can now buy their reports at discounted rate by purchasing Bundles.

To buy a Bundle:

1. Access the RealStor from any ViewPort in propertyline™.
2. Click the Bundles tab.
   
3. Select the desired bundle by clicking Add to Cart. A pop-up will appear with your Profile information.
4. Verify that your Profile is correct and click Next. The Bundle is added to your cart.
5. To complete your purchase click the Shopping Cart tab. Review your purchase(s) and click Check Out.

Now when you access RealStor to purchase a report, you will see the number of credits you have. You will also see a Get Report button to use to complete your transaction.