Revenues · Taxes
3000 Property Taxes
Since 2026.03
- What it is
- Property taxes include secured and unsecured property tax revenues allocated to the city, including supplemental and prior-year adjustments.
- Accounting standard
- Tax revenues are imposed nonexchange transactions; recognize when measurable and available in governmental funds and when the underlying exchange/eligibility is satisfied under accrual.
- Accounting note
- Reconcile to county allocation reports and tax roll. Accrue receivable for amounts earned but not received; document availability window policy.
- Examples
- Secured property tax; unsecured property tax; supplemental property tax; delinquent collections.
- Do not use for
- Special assessments (3130) and fees (3100/3110).
Where it reports on the Cities FTR
| Fund type | FTR line |
|---|---|
| Governmental funds | Form 16 R01 Secured and Unsecured Property TaxesGENREV_SEC_UNSEC_PROPTAX General column when the function is 0000, Functional column otherwise. Posting all property tax to 3000 reports it as current secured and unsecured; use 3001-3009 for the other property tax lines. |
| Government-wide ledger (980) | Not reported. Government-wide revenues and expenses are not reported; the FTR uses fund-basis activity. |
| Enterprise funds (water example) | Form 12 R58 Other Nonoperating RevenuesOTHR_NONOP_REV Taxes allocated to a proprietary fund report as other nonoperating revenue. |
| Internal service funds | Form 03 R15 Other Nonoperating RevenuesOTHR_NONOP_REV Taxes allocated to a proprietary fund report as other nonoperating revenue. |
| Fiduciary funds (pension trust example) | Form 30.5 R15.5 Tax RevenuesPEN_TAX_REV Column for the trust or custodial fund type. |
Enterprise placement is shown for a water fund; other enterprise funds use the same line on their own form. Check any combination in the FTR finder.