Homestead Audits

Did you know that up to 5% of Homestead Exemptions in a jurisdiction may be fradulent? Too often, taxpayers claim exemptions on vacation properties, rental properties, multiple homes, or other properties that do not qualify. TMA has partnered with LexisNexis to audit these Homestead Exemptions and bring lost property tax revenue back into your jurisdiction.

Here’s how it works:  using a list of exempt properties in your jurisdiction, TMA references LexisNexis data to determine ownership and occupancy. TMA’s trained staff then contacts residents to verify their information, and returns the findings to you. TMA even has the ability to help your staff process the returned information in your revenue management system, so that your jurisdiction can focus on billing and collections.

Whether your jurisdiction refers to it as a Legal Residence Exemption, Homestead Standard Deduction, or Principal Residential Exemption, TMA’s service ensures that all taxpayers receiving a homestead exemption are truly meeting the criteria set forth by state law.