What is property tax object in SAP RE - Real Estate Management?

SAP Term: property tax object

• Component: RE

• Component Name: Real Estate Management

• Description: A taxable unit of the property on which the property tax is levied. In Portugal, the tax object is always the parcel of land in the Land UseManagement LUM function of Flexible -FX.

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• Key Concepts: 
  Property tax object is a term used in SAP Real Estate Management (RE-FX) to refer to a physical object, such as a building, that is subject to property taxes. It is used to store information about the object, such as its location, size, and value. This information is then used to calculate the amount of property taxes due. 
  
  How to use it: 
  In SAP RE-FX, property tax objects are created and managed in the Property Tax Object Master Data view. This view contains all the necessary information about the object, such as its location, size, and value. Once this information is entered, the system can then calculate the amount of property taxes due for the object. 
  
  Tips & Tricks: 
  When creating a property tax object in SAP RE-FX, it is important to ensure that all of the necessary information is entered accurately. This will ensure that the system can accurately calculate the amount of property taxes due for the object. 
  
  Related Information: 
  For more information on property tax objects in SAP RE-FX, please refer to the SAP Help documentation.