What Does softProperty Tax ManagerÔ Do?

softProperty Tax ManagerÔ  is an enterprise-wide information system for conducting and managing property tax compliance activities. The system handles all classes of property including real estate, personal property, producing and non-producing mineral leaseholds (including both operated and non-operated interests), and rolling stock. The system is designed to handle the entire property tax compliance function from renditions, to valuations, through tax bill processing (tax verification) and payment of taxes. Comprehensive tools are provided so taxes can be allocated back to the appropriate properties for accounting functions like joint interest billing.

Jurisdictional information including tax rates, tax calendar, collecting responsibilities, etc. for assessing, taxing, and collecting jurisdictions is maintained within the system.  Asset locations are also linked to each taxing jurisdiction that levies tax on the property located there.  Check requests can be automatically generated for a tax collecting jurisdiction based on the property values entered/loaded into the system.  Also, softProperty Tax ManagerÔ  is closely integrated with softPetroleum AppraiserÔ  and can automatically extract oil and gas property valuation data from sPA.  The valuation of other classes of property can be performed directly within softProperty Tax ManagerÔ.

Key Benefits

• Administration of all classes of property
• Property inventory / renditions
• Handles states (like Texas) with different jurisdictions for assessment, taxing authority, and tax collection
• Generates check requests, with supporting detail
• Tax bill allocation for property accounting
• Integrated with sophisticated oil and gas property valuation tools in soft Petroleum Appraiser

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Last modified: September 10, 2000