In simple terms, managing Property Taxes at scale is all about organizing data. Multiple jurisdictions, documents, file formats, and dates for everything (payments, discounts, appeals, etc.) are just the beginning. Adding more complexity to the mix is the fact that none of this aligns with your own fiscal calendar and documents will invariably go missing. The integrity of your data is the foundation of everything. Equipped with a spreadsheet and a dream, you’re building that foundation on shifting sands.

Business intelligence is built on accurate data and robust technology. It informs strategic decision-making that can protect and grow your portfolio. Many go without reliable insights, instead leaving themselves vulnerable to costly risks (e.g. missed payments, appeal opportunities, etc.). Not only does this affect your cash flow, it limits your ability to accurately forecast and has a compounding effect on your bottom line year over year. Reactive management is as bad as lighting fires in your own home.

When managed correctly, property tax data will pass through many hands. Most processes and software aren’t designed to support everyone from operations, to finance, to senior leaders. Ask yourself, Can all of my colleagues access up-to-date property tax data right now? If your systems aren’t communicating, you’re wasting time with inefficiencies you can’t afford like chasing down missing information, or duplicating data entry or payments…. It’s like patching a leaky roof during a rainstorm.