LexisNexis® and Tax Management Associates Find Erroneous Tax Exemption Filings and Discover Nearly $3 Million in New Revenue for Greenville County, South Carolina
July 15, 2013 — Companies leverage data and investigation capabilities to discover and correct improper filings for legal residence exemptions
Washington, DC, — LexisNexis® Risk Solutions and Tax Management Associates, Inc. (TMA) today announced that Greenville County, SC has discovered nearly $3 million in new revenue by leveraging the companies' Homestead Exemption Fraud Detection program. The program combines the LexisNexis analytics technology and public records databases with TMA's investigative capabilities to help counties detect erroneous filings in their legal residence exemption program—referred to in many states as a homestead exemption program—and discover new revenue.
LexisNexis identified applications in Greenville County's legal residence exemption program were potentially erroneous by examining key indicators of improperly filed tax exemptions, such as:
- Exemptions filed by owners for rental properties
- Individuals with multiple exemptions for multiple properties within South Carolina
- Individuals with multiple exemptions for multiple properties across multiple states
- Businesses receiving exemptions
- Family members receiving exemptions under deceased property owners' names
TMA further investigated the LexisNexis findings, verified the information and prioritized the accounts for collection by Greenville County. To date, the county has billed 2,552 accounts with delinquencies from anywhere from one to four years and collected more than $1 million.
"This program has helped us to find nearly $3 million in new revenue," said Debbie Adkins, assessor, Greenville County. "It has definitely provided a return on the county’s investment."
Greenville County is showing its taxpayers that it is a trusted steward of taxpayer dollars, committed to discovering and correcting improperly requested tax benefits, as well as detecting and preventing fraud," said Haywood Talcove, chief executive officer, Government, LexisNexis Risk Solutions. "County governments are still experiencing difficult economic times, and every instance of improperly granted tax exemptions — whether misfiled by the taxpayer intentionally or unintentionally — deprives the government of dollars needed to fund critical government services like police, fire safety and education. We applaud Greenville County's leadership in aggressively tackling this challenge with new technology and innovative investigative approaches."
"Finding individuals who improperly file for homestead exemptions has traditionally been labor intensive and, in many cases, cost prohibitive," said Richard (Chip) Cooke, Jr. chief executive officer, TMA. "With this program, counties rely on LexisNexis and TMA to do the heavy lifting, enabling them to focus on their core competencies of billing and collections. We are honored to have the opportunity to support Greenville County and be a small part of their efforts to ensure all taxpayers pay their fair share."
About LexisNexis Risk Solutions
LexisNexis Risk Solutions (www.lexisnexis.com/risk/) is a leader in providing essential information that helps customers across all industries and government predict, assess and manage risk. Combining cutting-edge technology, unique data and advanced scoring analytics, Risk Solutions provides products and services that address evolving client needs in the risk sector while upholding the highest standards of security and privacy. LexisNexis Risk Solutions is part of Reed Elsevier, a leading publisher and information provider that serves customers in more than 100 countries with more than 30,000 employees worldwide.
LexisNexis® helps law enforcement, intelligence, revenue and social services agencies in the government industry enhance investigations, derive insight from complex data sets, and combat fraud, waste and abuse.
About Tax Management Associates (TMA)
Since 1979, Tax Management Associates (TMA) (www.tma1.com) has been assisting state and local tax officials in their day to day duties of administering the property tax. TMA is made up of an experienced management team, accounting professionals and other specialized individuals, comprising over 130 people in offices across the United States. TMA’s expertise lies in leveraged technology and a deep knowledge of local taxation practices to assist its clients in discovering and processing missing sources of revenue. These sources of revenue include business taxes, income taxes and improperly filed exemptions. TMA has performed similar services for over 450 client jurisdictions in fifteen states.
For more information, please visit LexisNexis on the web at http://www.lexisnexis.com/government/solutions/revenue/homestead-exemption.aspx and TMA at www.TMA1.com.
Mary Alice Johnson
(571) 323-2585 ext. 2140