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Mittwoch, 22.08.2018 14:50 von | Aufrufe: 106

LexisNexis Risk Solutions Helps Harris County Entities in Texas Save Nearly $20 million in Tax Revenue

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PR Newswire

ATLANTA and WASHINGTON, Aug. 22, 2018 /PRNewswire/ -- Homestead exemption fraud detection technology from LexisNexis® Risk Solutions has helped the Harris County Appraisal District in Texas save more than $20 million in tax revenue, returning would-be lost money to the jurisdictions' tax roll.

LexisNexis Risk Solutions (PRNewsfoto/LexisNexis Risk Solutions)

In just the first 18 months of use, the LexisNexis® Homestead Exemption Fraud Detection Solution found $21,076,592 in erroneous homestead exemption filings across Houston and other locales in the county. The technology has been an integral component of Harris County Appraisal District's ongoing efforts to improve the auditing process and ensure the integrity of its homestead exemption program, which can lower qualifying homeowners' property taxes.

The Harris County Appraisal District is responsible for discovering and appraising property for ad valorem tax purposes for each property in the district. It is the largest appraisal district in Texas and one of the largest in the U.S., with approximately 1.8 million parcels of property assessed each year with a market value of approximately $575 billion.

The Harris County Appraisal District is the latest – and largest – in a series of success stories of Texas Appraisal Districts using the technology to recoup potential lost tax revenue. Fort Bend County initially recaptured more than $2.3 million in lost revenue due to homestead exemption erroneous and fraudulent filings in 2016, and several other counties saved millions more in tax revenue using the LexisNexis Homestead Exemption Fraud Detection Solution. 

The LexisNexis Risk Solutions technology was used to examine Harris County's homestead exemption filings by combining them with the company's public records data, identity analytics and advanced linking technology to help investigators detect erroneous and fraudulent filings, collect taxes resulting from these filings, and identify new sources of revenue.

"At a time when local governments are facing rising costs and shrinking tax bases, new analytics technologies are helping local officials keep tax rates in check by stemming the tax fraud that has cost some communities millions of dollars in lost revenues annually," said Matthew Donahue, Director, Tax and Regulatory Markets, LexisNexis Risk Solutions. " Our Homestead Exemption Fraud Detection technology serves honest taxpayers by helping local governments identify, locate and collect from those individuals in their jurisdictions who are erroneously, unfairly or illegally claiming false exemptions."


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For more information, please visit http://www.risk.lexisnexis.com/products/homestead-exemption-fraud-detection.

About LexisNexis Risk Solutions
LexisNexis Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX Group (LSE: REL/NYSE: RELX), a global provider of information and analytics for professional and business customers across industries. RELX is a FTSE 100 company and is based in London. For more information, please visit www.risk.lexisnexis.com, and www.relx.com.

Media Contact

Lauren Levinson
Brodeur Partners for LexisNexis Risk Solutions
Phone: +1.202.899.4639
llevinson@brodeur.com

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/lexisnexis-risk-solutions-helps-harris-county-entities-in-texas-save-nearly-20-million-in-tax-revenue-300700568.html

SOURCE LexisNexis Risk Solutions

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