Tyler's Personal Property software streamlines the process of appraising and taxing personal property. It provides tools for managing data, valuations, tax extensions, and taxpayer information. The software enables users to maintain a comprehensive database of personal property, calculate values and taxes accurately, and enforce audits and penalties.

Key features and benefits include:

• Comprehensive Data Management:
  • Maintain a database of personal property information, including additions and historical data.
  • Include property characteristics and ownership information.
  • Create and manage accounts relevant to property owners.
  • Access tax return history by tax and file years.
  • Maintain information on leased equipment subject to taxation.
  • Integration with SmartFile for online form access and submission by taxpayers.
• Valuation and Tax Calculation:
  • Use established table rates to value personal property.
  • Apply depreciation tables to determine replacement cost new less depreciation (RCNLD).
  • Calculate taxes using jurisdiction tax rates.
  • Ensure fair taxation of personal property.
• Audit and Penalty Enforcement:
  • Use auditing features to verify tax return accuracy.
  • Assess penalties for late filing, property omission, and non-filing.
  • Initiate forced valuation of unreported personal property.
  • Maximize collection of outstanding tax revenue.
• Streamlined Administration:
  • Simplify the management of personal property taxation.
  • Improve efficiency in data management, valuation, and enforcement.