Homestead Exemption Fraud Detection Solution
Detect fraud and boost tax revenues within your jurisdiction. Local governments lose up to millions of dollars each year from fraudulent claims for homestead exemption tax relief (also known as property exemption, homeowner’s credit, and school tax relief) because they do not have access to the public records they need or the resources to analyze the data in order to detect fraud. LexisNexis Homestead Exemption Fraud Detection Solution solves these problems. With access to over 10,000 sources, the LexisNexis Homestead Exemption Fraud Detection solution leverages advanced data linking technology to help auditors, assessors, and appraisers to detect fraudulent claims and identify potentially millions of dollars in lost revenue in taxes and back taxes owed, as well as creating new revenue sources for years to come.
Detect Fraudulent Activity with New Visibility Across Jurisdictions
LexisNexis Homestead Exemption Fraud Detection Solution is a data solution that helps local government agencies to detect cases of tax fraud and prioritize accounts, moving jurisdictions one step closer to collecting taxes from individuals who are defrauding the system. With the solution, agencies can easily submit batches or large volumes of data. LexisNexis Homestead Exemption Fraud Detection Solution runs these batches against our collection of over 20,000 public and proprietary databases, providing agencies increased visibility across jurisdictions. Using LexID(SM), our advanced linking technology, this powerful tool isolates and flags probable cases of homestead exemption fraud thoroughly and efficiently.
Detect Fraud and Boost Revenue vs. Lose Revenue and Raise Taxes
Homestead exemption fraud commonly falls into three categories:
• The taxpayer claims multiple exemptions,
• The taxpayer claims an exemption on a home that is not his/her primary residence, or
• The taxpayer is deceased.
This type of fraud often goes undetected because many local governments do not have access to the information technology they need for cross-jurisdictional information sharing, or the capability to conduct large-scale data analysis with the data that is available. Over time the cost of homestead exemption fraud can add up to millions of dollars in lost revenue and result in tax increases that law-abiding residents have to pay. LexisNexis Homestead Exemption Solutions help local governments to detect fraud and – in a tough economy – to boost revenue by potentially millions of dollars, and do so, by identifying debtors, rather than raising taxes.
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