Business property tax in California has continued to increase in recent years. In fact, in 2017, California had the largest dollar increase in the U.S. in business property tax revenue—$1.5 billion more than the year before. And even though California property tax increases have been fairly predictable for the last few decades, all that may be about to change thanks to the split roll property tax initiative that will unfold in 2020.

For companies of all sizes, handling business personal property taxes can be a beast.

Shopping around for new property tax software? Use this thorough guide to confidently select a property tax software vendor that’s the best fit for your team—now and well into the future.

Are you well-versed on how to report your company’s assets accurately, and forecast a reliable estimate for next year’s tax liability as well? Take a look below at some tips on how property tax professionals in the Lone Star State can best manage their assets for commercial property tax in Texas; and how to prepare for the 2020 budget season.

For oil and gas companies across the spectrum—upstream, midstream, and downstream—valuation of assets and the property tax process can be highly complex. By nature, several of the tasks involved are routine and mathematics-based—exactly the kind of tasks that computers excel at and, thanks to advanced technology, can do faster (and more accurately) than humans.

Managing the business personal property tax cycle is a herculean task for companies of every size. But mid- to large-size businesses, who may have hundreds of property tax assessments to deal with annually, face exceptional challenges staying on top of information tracking, due dates, filing paperwork, and more. When their workload has outgrown the standard organizational tools—like Excel spreadsheets and online project management tools—most teams know it’s time to make the leap to property tax software.

If there was an easy way to ensure you never missed a single property tax bill payment again, would you take advantage of it?

The good news is, there is a way! We’re happy to announce that CrowdReason, developer of next-generation property tax management software, and Anybill, a leading provider of tax payment services, now work seamlessly together to guarantee your tax bills are paid accurately and on time, every time.

If you’ve been reading our blog, you already know that the business personal property tax cycle is filled with complexities, whether you’re a business with one location or several. If you have 500 or more locations, keeping up with paperwork, information tracking, and due dates can be downright labyrinthine—never mind having enough time to put a case together for appeals (unless you’re taking advantage of all the tools at your disposal, which we’ll get into later).

For many companies, property tax due dates are always looming. Between return deadlines, appeal deadlines, and payment deadlines in multiple jurisdictions, another due date may be just around the corner, no matter what time of year it is. So how do tax teams manage and meet these dates? While there’s no single standard that works for everyone, there are tools that can help companies of all sizes do it more efficiently. 

Businesses can easily get bogged down in property tax data. County addresses, deadlines, valuation methods, depreciation tables, tax ratios… there are too many data types to list. And while there are common pieces of information people look for, the options are limited when it comes to places to look. That’s because a good chunk of this data varies by jurisdiction. So instead of having central repositories for “property tax information,” a single county website may be your only option. And even finding that isn’t quite as easy as it seems (we’ll get to that later).