The CAB-1W Report of Water Property Value is used to calculate and allocate the water property value. Note that the form contains two sections, the property value calculator, and the allocation page. The user is navigated to the allocation page by default. To access the valuation calculator select the blue Valuation button. Note the following definitions with respect the calculation of property value.
"Closed System,” means a commercial water system in which water is gathered primarily by wells and stored in closed reservoirs and tanks. The factor per thousand gallons is 2.49.
"Combination System" means a commercial water system in which water is gathered both in open reservoirs and by well and is stored both in open reservoirs and closed reservoirs and tanks. The factor per thousand gallons is 3.25.
"Commercial Water Property" means privately owned pipelines, tanks, sales meters, plants, hydrants, materials and supplies, and other tangible personal property not otherwise defined, owned and operated as a utility for the purpose of transmitting, storing, measuring or distributing water for sale to the consuming public, excluding general buildings and improvements. The value of "Commercial Water Property" will be allocated to the county and school district where the property is located based on the percentage of original investment in each school district and county. "General Buildings and Improvements" means buildings of the nature of offices, residential housing, warehouses, shops and associated improvements and real estate in general use by the taxpayer or but not directly associated with the transmission, storage, measurement, or distribution of water. All "General Buildings and Improvements" will be valued on schedules in addition to the value determined by the gallons sold. The value of
"General Buildings and Improvements" will be assigned to the county and school district where they are located.
Notes/Industry Specific Information
Allocate the property value by the original cost or investment of the water utility property in the respective school district in the county.
This form does not catch the value of any sewer or other utility property. These types of properties must be reported separately.
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Selecting the CAB-W1 Summary record in the Form Group table will take the user to the Commercial Water Property Valuation index page. The index page is the location where the Property Value is allocated (per original cost) to tax districts.
The valuation page is the location where the Commercial Water Property value can be calculated. To access the valuation page, select the blue Valuation button. The valuation page (shown below) is a calculator that allows the user to calculate the property value. The interface contains:
Part A (Operating Revenue)
- Gross Operating Revenue for Prior Year: The Gross Operating Revenue for the Prior Year
Part B (Year Gallonage)
- System Type: Type of system (open or closed)
- Gallonage 2020: Gallons for year 2020
- Gallonage 2019: Gallons for year 2019
- Gallonage 2018: Gallons for year 2018
To complete the page, enter information in all required fields and select the Save button. Note that selecting save refreshes the page and recalculated the values. Selecting Save and Return will return the user to the W1 index page.
To add a new line, select the blue “Add” button at the top left of the table on the index page. The user will be taken to the Add Allocation page which will allow information to be entered per type and tax district. Note that the required fields are marked with a red asterisk. Once the required data is entered, select the blue next button.
- District: Combination of County and Tax District
- Description: The Description of Assets in Tax District
- Location Information: Short description of asset location
- Original Cost: The original cost of assets in district
To delete an asset from the CAB-W1 index, select the garbage can to the right of the record. A confirmation window will be displayed to confirm the deletion. Select Yes to delete, No to return to the index page.