For state-assessed industries, filing each property tax return can represent a substantial investment of time and resources.

From tracking unique asset values to preparing balance sheets and financial information, each return can take months of preparation. PTMS makes property tax simple and handles the repetitive tasks. Why waste time on manual compliance tasks, when you could be focused on what’s important— minimizing your tax burden?

How PTMS benefits you

  • Tracks all aspects of the property tax workflow
  • Optimizes your allocation of workforce resources
  • Reduces time devoted to compliance tasks
  • Minimizes taxes paid
  • Saves time filing centrally and locally assessed returns
  • Increases tax return accuracy
  • Reduces research time into property tax jurisdictions
  • Proactively manages property tax tasks and deadlines
  • Helps users pay more bills in less time
  • Assists users in taking better advantage of discount opportunities

PTMS solutions features

  • Generates state-assessed and locally assessed facsimile returns for virtually all industries across the United States
  • Distributes linear assets across jurisdictional lines
  • Provides tools to break out non-assessable costs, such as software, installation costs, and sales tax, from assets
  • Minimizes the time required to collect and enter financial information, statistics, or jurisdictional information on each form
  • Eliminates redundant annual cleanup
  • Split assets into multiple categories and ages, or across multiple returns
  • Identifies asset changes, including transfers, new acquisitions, cost changes, and disposals, automatically upon import
  • Built-in abatement and exemption tracking and calculations
  • Calculates anticipated taxable value using depreciation or unit-value methods
  • Calculate complex values, manage accounting or accrual processes, or generate reports using external data by pushing data in and out of Microsoft Excel without needing to import/export
  • Access to information, including tax returns, calculation tables, tax rates, and due dates, from thousands of jurisdictions
  • Auto-populates jurisdictional facsimile forms with your data
  • Calculates asset values using a combination of assessor calculation tables, exemption or abatement rules, idle equipment factors, and other user-defined calculations
  • Receive alerts for missing or over-assessed value notices and tax bills
  • Track all appeal events, results, and costs using appeal management tools
  • Available Optical Character Recognition (OCR) tools eliminate data entry for inputting value notices and tax bills
  • Easy-to-use tax payment process allows for automatic feeds to any AP or AR system
  • Allocation functionality apportions tax amounts to asset records for customer invoicing, division, or cost center accounting
  • Generate accruals and forecasts at any level, e.g., state, plant, cost center, division, and tax bill
  • Auto-updates accrual “true-ups” and journal entries upon new property, new values, new tax rates, or new tax bills
  • Role-based security; comprehensive audit log ensures data integrity and Sarbanes–Oxley compliance
  • Access status reports, analytics, and custom KPIs from anywhere, anytime

Advanced functionality for PTMS

How does this help my business?

PTMS has been a huge time-saver for us, from filing returns, the assessments, tax bills — really the whole process from beginning to end. We can prepare two or three hundred returns for a state  in four to five hours, and get them out the door same-day if needed. If you did that by hand, you’d need several people on hand to be able to handle that volume!

Bobby Barnes, VP of Compliance Operations DuCharme, McMillen & Associates

PTMS resources

858.547.4100 ext. 65304