Tax Compliance Inc.

• Position: Tax software - Brief Article

Tax Compliance Inc. has released its Property Tax Management System (PTMS) version 3.4, which includes a completely redesigned, comprehensive real property tax module. New PTMS real property features enable corporate tax departments to establish the fair market value of their property, manage appeals, track the productivity of their property tax consultants, create and accrue tax estimates and process their property tax bills.

By combining the functionality of its new real property tax module with the personal property tax functionality of PTMS, TCI "has created a versatile and affordable property tax software solution for both personal and real property tax management," the company said in an announcement. PTMS offers user-controlled in-house and remote access and is also available on an outsourced basis through any of the more than 30 property tax outsource providers that use PTMS as their production tool.

PTMS 3.4 provides a variety of options for determining fair market value for real property. Commercially available data on an unlimited number of comparable properties ("comps") can be linked to a parcel, allowing the user to compare and analyze property values on a per-unit...