Your Guide to Outsourcing in Property Tax Management

Most real estate teams are working with dozens of local consultants to help manage property tax processes. In this guide, our property tax management experts share their advice for working with third-party consultants and advisors.

You'll learn:

  • What your consultants can and should help you with
  • What should be kept in house and what can be outsourced
  • How to simplify data sharing and access
  • How to ensure data integrity, completeness, and transparency across both internal and external stakeholders.

Why we wrote this

Real estate teams are typically working with external consultants to help them carry out the property tax management function. What's more, consultants aren't typically managing the entire property tax lifecycle. Instead, they're typically working with real estate teams specifically to manage assessments and appeals. As much as this can help contain costs, it can also introduce complexity.

But property tax is much broader and more complex than property tax assessments and appeals. Tax payments, forecasts, budgets, accruals, and fees also need to be managed in order to contain costs and optimize resources.

Overseeing who has access to what data, ensuring appropriate permissions, and ensuring you own the data when consulting engagements wrap up are important considerations. 

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© 2021 Rethink Solutions. All Rights Reserved
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© 2021 Rethink Solutions. All Rights Reserved