When using a Revenue Application selection in the setup ofa Constituent revenue application smart field, the smart field does not calculate values for any of the processed records. The smart field will calculate correctly if a selection is not used.
Download and install the latest patch, which contains all fixes from previous patches. If you are running an older version, download and install the latest version and then the patch.
Workaround: Do not select to use a selection when creating the Smart Field.