"48
Hours To Compliance"
For
Lessors, Owners of Mobile Assets, and Owners of Customer Premise Assets
Your Property Tax Jurisdiction Solution For the Entire U.S.
Common issues our clients have shared with us . . . before using our
service:
Were concerned about being in compliance with local assessors and
collectors. Were also concerned about paying the correct amount in
property taxes.
We need to include the taxing jurisdiction our asset falls within when we
file. Finding this information can be very difficult and time-consuming.
We need to know, definitively, whether or not our asset falls inside or
outside a citys limits. Typically, cities tend to have higher tax rates.
We mainly file our returns to the county, which, in some cases, isnt that
difficult. Whats difficult is managing the enormous amount of tax
bills we get back from the taxing districts within the county.
Our current process is very much a manual effort. We spend too much time
assigning tax jurisdictions.
We want a more efficient system. Our process is tedious and time
consuming.
We want to make sure we pay each tax bill timely and correctly.
Its important that were in compliance and that we assign the correct
jurisdiction code to our assets.
Our issue is that we have a lot of new acquisitions each year. Therefore,
we spend a lot of time making sure were reporting to the correct assessor
and managing tax bills.
Were paying too much money in penalties and were concerned that we are
paying too much in taxes because of the wrong assignment.
Its important to be in compliance because if we arent, then were in
violation of the contract we have with our lessee.
UPDATE January 2004
Stopwatch Maps Now
Offers Nationwide Coverage
New for the
2004 Tax Season!
Last tax season, Stopwatch Maps successfully offered the Taxography Property
Tax Jurisdiction Geo-Referencing Service in the States of Ohio, Indiana,
Michigan, Wisconsin, and Virginia. After receiving overwhelming feedback
from our clients, state and local assessors, and property tax professionals,
Stopwatch Maps has expanded the service to include assessor jurisdictions
for all States in which personal property tax returns are required. In
addition, Stopwatch Maps now provides additional information to help tax
professionals understand and identify the taxing districts their asset falls
within. This additional information includes the name of each township,
village, city, and school district an asset falls within. This service is
now available for 2004 personal property tax return filings across the
United States.
Using sophisticated mapping technology and a proprietary central repository
of mapped jurisdiction data, our geo-referencing service is able to append
correct jurisdiction information to each of your assets. Accurately
reporting your assets using the Taxography service can increase property tax
compliance thereby avoiding late filings, penalties, and audits.
Overview
Taxography Property Tax Jurisdiction Geo-Referencing Service
Our clients use this service to report their assets to the appropriate local
assessor, county, township, village, city, and school district within the
United States. Stopwatch Maps will continue to offer the same excellent
service tax professionals have been accustomed to receiving . . . now for
the entire United States. All we need an address, city, state, and 5-digit
ZIP Code for each record. 48-hour turnaround guaranteed.
Just three easy steps:
1. Email us your file of
addresses in either of the following formats - Excel or dBase
2. Stopwatch Maps will run
the Taxography process on your file, appending the correct jurisdiction
information to each of your records.
3. The completed file will
be emailed back to you within 48-hours.
For more information, contact Matt LaMartina
at 1-800-348-6277.
Taxography: For Lessors, Owners of Mobile Assets, and Owners of Customer
Premise Assets
The Property Tax Jurisdiction Solution for Tax Professionals
Stopwatch Maps is the single source for accurate coding of local assessor
jurisdictions as well as the reference data critical to understanding and
identifying taxing jurisdictions for taxation purposes. We work with
companies that manage large quantities of physical locations and addresses;
therefore, most of our clients have assets at many locations.
Stopwatch Maps, a leader in GIS technologies and data solutions, has
developed the Taxography Property Tax Jurisdiction Geo-Referencing Service
to specifically address the asset allocation issues confronting tax
Professionals. Our service is available for states in which personal
property tax returns are required. Weve developed a unique approach to
eliminate the time, burden, and cost of the process of assigning property
tax jurisdiction information to your assets. Our geo-referencing service is
able to simplify the process of reporting assets to the correct local
assessor, thereby increasing your level of confidence and compliance.
Our goal is to make the labor-intensive, time consuming process of
accurately assigning jurisdictions to your assets streamlined and simple.
Using sophisticated mapping technology and a proprietary central repository
of mapped jurisdiction data, our geo-referencing service is able to append
the correct jurisdiction information to each of your assets. This
programmatic approach makes use of spatial programs and precise digital
boundaries. Our experience has shown that correctly assigning your assets
to the proper jurisdiction is the simplest way to reduce your tax liability,
increase your confidence, and increase your level of compliance.
Proven Methodology
Each State is thoroughly researched over the course of each year, providing
our clients with the most comprehensive and accurate property tax
jurisdiction information available. The following example maps detail
property tax jurisdictions in the State of North Carolina.
(Click on image for larger view)
Client Example
Many
property tax departments assign a single tax jurisdiction to all sites
within a city. Typically, there are multiple jurisdictions within the same
zip code, let alone an entire city. The customer shown below allocated all
2,610 assets (green circles) to the City of Whitehall (shaded orange). Our
analysis concluded there were only 264 sites located within the actual city
limits of Whitehall. The tax rate for Whitehall is higher than the
surrounding jurisdictions. In this example, by assigning the correct tax
jurisdiction to the customers assets, the average tax bill was reduced by
over 25%!
The following map is an overview of client sites incorrectly assigned to the
City of Whitehall:
Reducing Tax Compliance Costs
Tax professionals have the responsibility of making sure their company is
reporting their assets to the correct local assessor. No simple task. In
fact, property tax law in some States makes filing to the correct assessor
extremely difficult and haphazard.
Our Taxography Property Tax Jurisdiction Geo-Referencing Service allows your
tax department to reduce its overall tax compliance costs by providing your
tax professionals with accurate local assessor jurisdiction information as
well as reference data necessary for understanding individual taxing
jurisdictions. This information is provided for each asset, across the
entire country, at a greatly reduced cost per asset.
Effective Resource Utilization
Our Taxography Property Tax Jurisdiction Geo-Referencing Service maximizes
the value of tax department resources. Our service handles jurisdiction
allocation issues enabling tax professionals to focus on asset valuation
instead of asset allocation. This reduces the number of headaches
associated with tracking down property tax jurisdiction information allowing
tax professionals to use their value-added skills to address more
significant tax saving opportunities, like making sure your assets are
appraised at fair market value.
Reducing Tax Burden
It
is common for companies to incorrectly allocate their assets to a
jurisdiction with a higher tax rate. Frequently companies place an asset in
a tax jurisdiction based solely on the city name used in the mailing
address. This typically results in the asset being incorrectly allocated to
a jurisdiction with a higher tax rate since the actual location of the asset
may be outside the city limits. Is your company paying too much in property
taxes?
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