Office of the Chief Financial Officer

Executive Summary for Closed Reports

Original Report

Report No. 11-01-23-OTR: Audit of the Office of Tax and Revenue Real Property Tax Administration’s Assessment Roll Correction Process and Related Refunds, dated March 15, 2012

Current Status

Closed.

Final Report

This report has been closed because the FINAL version was issued: Report No. 11-01-23-OTR: FINAL REPORT: Audit of the Office of Tax and Revenue Real Property Tax Administration’s Assessment Roll Correction Process and Related Refunds, dated September 19, 2012

Chief Risk Officer’s Risk Assessment

The Inherent Risk associated with the assessment roll correction process is classified as High as the property valuation process is considered one of the core missions at the Office of the Chief Financial Officer.  However, the transparency of the process, including posting property values online, and other internal controls in place, such as multi-tiered reviews and approvals, result in a risk classification of Medium.   However, all OIO recommendations were considered.

Recommendations Overview   

All recommendations have been addressed in the FINAL report.

To view the full report, Click : RPTA Assessment Roll Correction Process and Related Refunds March 2012