Blending insurance and appraisal industry tools to enhance the precision and speed of the property tax search process
CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, announced the integration of geospatial and appraisal data validation into the parcel identification process. The new features provide additional property granularity and verification to help ensure more accurate parcel information for property tax reporting.
Real estate tax reporting requires the correct parcel information to ensure property taxes are paid accurately and on time. The new process will leverage taxing authority public record data, geospatial data, valuation and appraisal data, and an expansive document repository to assist in the parcel identification process. These data elements will be combined into a single query to optimize the accuracy and timeliness of property tax reporting and payments.
“The new era of real estate tax service now blends functionality once reserved for insurance or appraisal industries,” said Nancy Langer, executive, Real Estate Tax and Payment Solutions for CoreLogic. “By extending our property tax search process to include valuation and geospatial data validation, we are elevating the level of precision and efficiency we can deliver to our tax clients. Our integration of geospatial data has also allowed us to enhance our workflow system and parcel identification process using standard and satellite maps with parcel overlays. These overlays create a visual representation of parcel dimensions allowing our search professionals to validate location, acreage and legal descriptions of real property. The new process is helping to put actionable intelligence in the hands of our tax professionals to efficiently and precisely identify parcels.”
The new search parcel identification capability represents part of a multi-million dollar real estate tax innovation and technology investment.