December 12, 2013
Thomson Reuters Releases 2013 Real and Personal Property Tax Report for Businesses
NEW YORK - Thomson Reuters announced the availability of the ONESOURCE Property Tax 2013 property tax report, which provides a high-level list of key dates for filing, appealing and paying real and personal property taxes.
As a leading source of revenue for states (source: U.S. Census Bureau, “Quarterly Summary of State and Local Government Tax Revenue,” September 24, 2013), property tax is stringently enforced as government continues to address budget shortfalls. Currently there are more than 18,361 taxing authorities collecting property tax in the United States, each with varying rules and regulations on state taxation.
“Property tax is based on the values and location of property at a specific point in time, so knowing the key filing, appeals and tax payment due dates in various states is critical to cost effectively managing property tax compliance,” said Carla Yrjanson, vice president of tax research and content at Thomson Reuters. “The information in this report is one of the many ways we help companies increase control, while lowering costs and risk over the property tax compliance process.”
This report exemplifies the kind of data that is automatically incorporated in detail in Thomson Reuters’ ONESOURCE Property Tax software. Thomson Reuters’ in-house property tax research and content experts monitor changes in key property tax related dates for all 50 states and Puerto Rico.
To download the full report, go to: https://tax.thomsonreuters.com/wp-content/pdf/property-tax/Property_Tax_Calendar_SL.pdf.
About ONESOURCE Property Tax
Combining cutting edge technology with the knowledge of property tax experts with extensive experience serving nearly every type of industry, ONESOURCE Property Tax is an end-to-end property tax solution that streamlines the entire property tax compliance process – from data management, to forms and filing, to understanding and planning for jurisdictional requirements. Always up-to-date with the latest tax laws and information, as well as tax forms, the web-based technology reduces the risk of manual errors with features such as comprehensive reporting and jurisdictional and government updates. With built-in accuracy and compliance, companies can lower property tax compliance administrative costs, and improve cash management. In addition, the software’s location-based technology streamlines the mapping of assets and provides easy access to critical detail. For more information, visit: https://tax.thomsonreuters.com/products/brands/onesource/property-tax/.
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs approximately 60,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges (symbol: TRI). For more information, go to www.thomsonreuters.com.