The City's Assessing Department maintains detailed information of the City's real property (real estate) and personal property. The City's tax base, composed of the value of real and personal property, is used to prepare assessment, special assessment, and the annual tax rolls for the City. These rolls are used to levy and collect taxes for the City, County, local and intermediate school districts. They also may be used for the levy and collect special fees and special taxes. Sales studies and real estate market information is utilized to determine assessed value, capped value, and taxable value for the assessment roll each year. Deeds, PTAs (Property Transfer Affidavits), PREs (Principal Residence Exemption Affidavits), new construction, Personal Property statements, and processing are some of this department's responsibilities.