Consistently ranking high among the 50 states for its business-friendly environment, Georgia is home to many successful Fortune 500 companies, mid-sized corporations, and small businesses alike. If your organization is considering setting up shop in the Peach State, here’s what you need to know about Georgia business personal property tax, which the Georgia Department of Revenue refers to as “tangible personal property.”

Do you do business in the Sunshine State? If so, you’ll need to get familiar with its policies regarding property tax. This article highlights some important information about Florida business personal property tax and property tax. For even more details, check out the Florida Department of Revenue’s Property Taxpayer Bill of Rights.

Business personal property tax is no simple matter—certainly not one that can be covered by a single blog post. There’s always more to learn and do in order to improve your compliance processes and make sure you’re paying the right amount. (Check out our blog for a ton of information on those topics.) But at a foundational level, personal property tax compliance hinges on a few important basics. Get these pieces right and you can feel confident you’re fulfilling the requirements correctly.

No matter what kind of business you are or where you’re located, property taxes cannot be ignored. Tax compliance—not only following the rules of filing but actually paying the taxes themselves—isn’t something to take lightly; the consequences of noncompliance could be devastating for any company.

Whether you’re considering transitioning to new property tax management software or you’re a first-time user, the road to implementing a new property tax tool can be a long one. No matter what software you end up transitioning to, though, one thing is certain: You’ll only get the full benefit of the software if the data you put into it is clean and accurate.

Is your tax team currently using a homegrown tool to manage your company’s property taxes? You may be in that position for any number of reasons—you’re a small-enough company that your solution seems sufficient for the job; you expect you’ll have to pay more for vendor software than you do for your annual tax liability; or maybe you’ve simply been doing things the same way for so long that you haven’t investigated your options lately.

“Simplified workflows”

“Fewer clicks”

“Intuitive design”

These are all terms that have been used to describe TotalPropertyTax (TPT), the most advanced property tax software in the industry. But what, exactly, do those terms mean as applied to daily use, and how do they impact the user experience?

Are you researching property tax software options in an effort to switch from your current solution? Or maybe you’re trying to build a case to convince higher-ups (or other members of your team) to get on board with a new implementation. Either way, you’re in the right place.

With many property tax return form deadlines upon us (most are between late February and mid-May), it’s a busy time of year for tax professionals. It may be part of your process to compare this year’s business personal property forms with last year’s, in which case it’s good to know when a form has changed. Most forms don’t change from one year to the next, and even when they do, the changes rarely impact the way you’ll prepare or file. But having a heads-up about the differences can help speed up the process—and sometimes even prevent mistakes.

New York businesses have an uphill climb when it comes to property tax, and corporate tax rates in general—it is ranked 49 out of 50 (just above New Jersey) on the Tax Foundation’s state-by-state comparison with regard to business tax climate. And over the last decade, property taxes in New York City have risen at a rate three times faster than income growth. (The recently created New York City Advisory Commission on Property Tax Reform is likely to recommend tax reforms in the coming year.) In recent years, the state has been making strides toward improving its tax system by enacting things like a two percent property tax cap and real property tax relief credits. Still, the tax climate may be a reason why some companies have chosen to leave the state (though that perspective is debatable).