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Miami-Dade County Has A New "Smart" Weapon
GRM Insight is helping battle property tax exemption fraud in Florida
Miami Property Appraiser Pedro J. Garcia has a new weapon in his battle against property tax exemption fraud.
Investigators in the Property Appraiser's Office are now using our new software program, GRM Insight, to increase their ability to more quickly and accurately detect illegal exemptions by mining and analyzing multiple databases nationwide. In essence, it adds intelligence to raw data.
Mr. Garcia says initial use of the new software program, developed by the Tax &Accounting business of Thomson Reuters,, has identified hundreds of potentially illegally held property tax exemptions. Based on the preliminary findings, Mr. Garcia projects that his office will issue liens for more than $5 million in back-taxes. Collected revenues will be distributed to Miami-Dade taxing authorities, such as the School Board, County Government and the municipalities.
Florida law requires that where fraudulent or improper exemptions are detected, the Property Appraiser must recover the exempted taxes going back up to ten years, and apply a 50% penalty plus 15% interest.
About GRM Insight
GRM Insight audit and compliance software helps identify property tax fraud within a jurisdiction, including fraud related to Homestead Exemptions, personal property and business property (intangibles such as stocks and investment instruments).
By deploying GRM Insight, counties can improve cash flow by collecting the unpaid taxes, penalties and interest due on each fraudulent case -- as well as having the property put back on the books for future property tax revenues.
Related Information
GRM Insight is part of a Thomson Reuters flagship solution — called Government Revenue Management® or GRM® — that is in use in over 45 countries and 1,600 jurisdictions world-wide.
GRM enables governments to manage property records, land administration, property valuation, tax billing and collection, audit and compliance, and eGovernment. . For more information, please visit: grm.thomsonreuters.com.
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