The summary section of the consolidation sheet shows the totals of each Property
Class as well as the total assessed values of Motor Vehicles, Mobile Homes, Timber
(at 100%), and Heavy Duty Equipment. The total of these columns is shown as the
GROSS digest. Amounts for M&O and Bond Exemptions are subtracted to arrive at
the NET digest amount.
The Department requires that timber values added to the digest consolidation sheets
represent the total value of the sales and harvests during the four calendar quarters
of the year preceding the tax year for which the consolidation sheets are being
prepared, i.e., for the 1996 consolidation sheets, the county should total the values
appearing on all PT-283T reports filed for the four quarters of 1995.
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