PTMS for Complex and State-Assessed Property

Simplify Complex Returns and Minimize Your Taxes

For state-assessed industries and manufacturers, filing each property tax return can represent a substantial investment of time and resources. Time wasted on manual compliance tasks could instead be focused on lowering your tax liability.

PTMS makes property tax simple.

PTMS handles the repetitive tasks so you can focus on what’s important – minimizing your tax burden.

  • Track all aspects of the property tax workflow
  • Optimize your allocation of resources
  • Reduce time spent on compliance
  • Minimize taxes paid
  • Save time filing centrally and locally assessed tax returns
  • Increase tax return accuracy
  • Distribute linear assets, values, and tax to each applicable local jurisdiction
  • Process tax bills and assessment notices with minimal manual data entry
  • Centralize all appeal documents and data
  • Spend less time researching property tax jurisdictions
  • Stay on top of all pending deadlines
  • Reconcile asset rolls and eliminate non-assessable costs
  • Track asset movements automatically
  • Validate assessments and manage appeals more efficiently
  • Pay more bills in less time
  • Take better advantage of discount opportunities
  • Simplify audits and save time
  • Calculate and update accruals and forecasts quickly and easily
  • Generate reports quickly and easily (taxes paid, cash flow, etc.)
  • Apportion tax back to divisions for reporting purposes
  • Access to status reports, analytics, custom KPIs from anywhere at anytime
  • Thousands of taxing jurisdictions, forms, tables, rates, assessors, collectors, due dates
  • State returns for regulated industries such as oil and gas, telecommunications, airlines, and rail.
  • Tools allowing you to quickly and easily distribute property, values, or tax across state and local jurisdictional lines to save you time and increase accuracy.
  • Tax returns automatically populated with your data
  • Tools to break out non-assessable costs such as partial terminations, installation costs, and sales tax
  • Assets may be split into multiple categories, ages, or across multiple returns
  • Secure, centralized database of all your property tax data provides you access from anywhere
  • Automatic year-to-year comparison of property to identify movements and changes
  • Assets may be flagged as terminations or ghost assets outside of fixed asset system
  • Ability to carry-over asset overrides each year so time spent scrubbing isn’t repeated
  • Assessment classifications categorize your property according to each jurisdictions grouping
  • Bulk edit tools quickly filter groups of assets and perform mass updates
  • Copy and Paste functions to move data directly to/from MS Excel
  • OCR technology pulls data from assessment notices and tax bills to eliminate data entry
  • Searchable central repository to store all property tax documents, which are automatically linked to sites, jurisdictions, etc.
  • Assessment thresholds to automatically alert you to overassessments and appeal opportunities
  • Property tax workflow that tracks every step in your property tax process
  • Easy, online payment and approvals process
  • AP interface exports payment requests to any AP system
  • Tax allocation functionality to apportion tax amounts
  • Accrual and estimating tools for easy, accurate projections of future tax liability
  • Calculation methods use assessors’ and custom tables to calculate an expected property value
  • Configurable screens allowing users to optimize interface to reflect their internal processes
  • Status reports, analytics, custom KPIs from anywhere at anytime
  • Appeal management to track all appeal events, results, and costs
  • Abatement and exemption tracking
  • Property tax app for mobile devices
  • Calendar and email alerts
  • Role-based security
  • Comprehensive audit log ensures data integrity and SOX compliance

Schedule a demonstration today and see how PTMS simplifies complex property taxes!

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  • The DMA Story: Fuel Your Efficiency with PTMS

    As DMA’s property tax operations grew, they needed a tool to help them maximize their efficiency so they could minimize additional overhead expenses and pass the savings back to their customers.