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9 Topics in 90 Minutes. Tax Lien Transfers. Tax lien transfers in ACT Reporting Senate Bill 247. Tax Lien Transfers In ACT. Client request to streamline current manual lien transfer process Reduce clerk input errors Improve efficiency

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tax lien transfers
Tax Lien Transfers
  • Tax lien transfers in ACT
  • Reporting
  • Senate Bill 247
tax lien transfers in act
Tax Lien Transfers In ACT
  • Client request to streamline current manual lien transfer process
    • Reduce clerk input errors
    • Improve efficiency
  • Complies with Texas Tax Code, Sec. 32.06. and Texas Administrative Code, Rule 89.702
  • Tax Lien Transfer module added to Online Products
    • Produces certified statement of transfer of tax lien
    • Creates Delinquent Status entry for transfer of lien
online products transfer of tax lien
Online Products – Transfer of Tax Lien
  • Entitlement
    • ACT_LIEN_TRANSFER – access to Transfer of Tax Lien
slide6

Certified Statement of Transfer of Lien

  • Client Preferences
    • CPA_NAME_ONLY – Enter name of TAC (without a title or certifications) to appear in the main paragraph.
    • TAX_LIEN_STATEMENT_FOOTER – Address or verbiage wanted on the bottom of the statement.
delinquent status lien status
Delinquent Status – Lien Status
  • Inserts transfer of lien record and creates note
delinquent status lien status1
Delinquent Status – Lien Status
  • Release – select Release from drop down
    • New release record inserted and note added
tax lien transfer report
Tax Lien Transfer Report
  • BMI 673
  • List all accounts on which a lien has been transferred for a specified year.
  • Sort order option – Account, Owner, Date
  • Produces a .csv file for Excel use.
sb 247 new requirements
SB 247 – New Requirements
  • Imposes new requirements effective May 29, 2013
    • Judicial foreclosure – requires property tax lenders to use judicial foreclosure
    • Advertising – prohibits false, misleading, or deceptive advertising

“YOUR TAX OFFICE MAY OFFER DELINQUENT TAX INSTALLMENT PLANS THAT MAY BE LESS COSTLY TO YOU. YOU CAN REQUEST INFORMATION ABOUT THE AVAILABILITY OF THESE PLANS FROM THE TAX OFFICE.”

    • Secondary market – tightens the requirements for the assignment, transfer, or sale of tax liens
    • Payoff statements – requires prompt payoff statements
sb 247 continued
SB 247 Continued
  • Property tax loans are now prohibited if:
    • The borrower is 65 years or older and can claim a property tax exemption
    • The taxes are neither due nor delinquent and
      • The property is subject to another recorded lien

OR

      • The property is not subject to another recorded lien
  • Additional provisions:
    • Truth in lending disclosure requirements
    • Prohibits lenders from funding subsequent year’s taxes without borrower consent
sb656
SB656
  • Effective September 1, 2013
  • Concerns adoption of budgets for all taxing entities (except school districts)
  • A vote to adopt the budget must be a record vote.
  • An adopted budget must contain a cover page that includes one of the following statements in 18-point or larger type that accurately describes the adopted budget:
sb6561
SB656
  • (A)  "This budget will raise more revenue from property taxes than last year\'s budget by an amount of (insert total dollar amount of increase), which is a (insert percentage increase) percent increase from last year\'s budget. The property tax revenue to be raised from new property added to the tax roll this year is (insert amount computed by multiplying the proposed tax rate by the value of new property added to the roll).";
  • (B)  "This budget will raise less revenue from property taxes than last year\'s budget by an amount of (insert total dollar amount of decrease), which is a (insert percentage decrease) percent decrease from last year\'s budget. The property tax revenue to be raised from new property added to the tax roll this year is (insert amount computed by multiplying the proposed tax rate by the value of new property added to the roll)."; or
  • (C)  "This budget will raise the same amount of revenue from property taxes as last year\'s budget. The property tax revenue to be raised from new property added to the tax roll this year is (insert amount computed by multiplying the proposed tax rate by the value of new property added to the roll).";
sb6562
SB656
  • Adopted budget cover page must also include:
    • the record vote of each member of the commissioners court by name voting on the adoption of the budget;
    • the county property tax rates for the preceding fiscal year, and each county property tax rate that has been adopted or calculated for the current fiscal year, including:
      • (A)  the property tax rate;
      • (B)  the effective tax rate;
      • (C)  the effective maintenance and operations tax rate;
      • (D)  the rollback tax rate; and
      • (E)  the debt rate; and
    • the total amount of county debt obligations.
sb6563
SB656

On final approval of the budget, entities must:

  • (1)  file a copy of the budget; and
  • (2)  if the entity maintains an Internet website, take action to ensure that:
    • a copy of the budget, including the cover page, is posted on the website;
    • the record vote is posted on the website at least until the first anniversary of the date the budget is adopted
slide18

SB1510

  • Effective January 1, 2014
  • Pertains only to counties and municipalities
  • Does not apply to hospital districts, ESDs, etc.
  • Removes the requirements for publishing the Notice of Effective Tax Rate and the Notice of Tax Revenue Increase
  • Updates the format for the Notice of Public Hearing-different for entities adopting a rate above the RTR or ETR
  • Replaces the Small Taxing Unit Notice
sb1510
SB1510
  • The new Notice of Proposed Property Tax Rates must be:
    • published in a newspaper with general circulation in the county or municipality, or
    • mailed to each property owner in the county or municipality
    • posted on website of the county or municipality by September 1
the advantage
The Advantage….
  • Dallas County has been using a similar process for several years nowso the process is proven.
  • Allows the user to determine exactly which years are included in the suit without the need to read a user note or decipher a cryptic cause number
  • With the double click of a mouse the user can see:
    • The taxing unit(s) involved in the suit
    • The law firm that represents that taxing unit
    • The status of each taxing unit’s portion of the suit
    • And if the filing type is the original filer or an intervener
the advantage cont
The Advantage (cont)….
  • Use BMI 638, Process LGBS Lawsuit File, and the system will do all the work.
  • Or use the Delinquent Status screen to manage your suits and “you”do the work.
  • The suit roll forward process at the beginning of the tax year does NOT roll forward the “by jurisdiction” details. When the suit file is processed in February, the details for the new year’s suit information will be available.
the setup
The Setup….
  • Client pref SET_LEGAL_STATUS_BY_YEAR must be set to ‘Y’
  • Client pref SUITS_BY_JURISDICTION must be set to ‘Y’
  • Version 2 security user entitlement, CHANGE_LAWSUIT_BY_YEAR, must be granted to each user that you want to allow to create or update the jurisdiction associated to each suit via the Delinquent Status screen.
the sting
The Sting….

E = Edit

U= Update

The request sequence from your Edit run (only required in update mode)

The accounts in the file will not be updated if this code does not match the county code associated to the account on Account Master (see next slide for Account Master). You may or may not enter this parameter depending on how suits are traced by the law firm’s delinquent system.

Law firm that provided the file to process (optional).

the sting cont
The Sting (cont)….

The county code must match that entered in BMI 638 in order for the account to be updated by that program and visible in Delinquent Status.

the end game
The End Game….

The year the suit began

The Operator ID shows the BMI 638 automated process

the end game cont
The End Game (cont)….

The year the suit began

Taxing unit Involved

Attorney that represents the taxing unit

Filing Type

suits by jurisdiction
Suits by Jurisdiction

Let ACT help you maintain accurate suit information! 

Any Questions?

Thank you for your attention.

9 topics in 90 minutes act statement log

9 Topics in 90 MinutesACT Statement Log

ACT records information about every batch and online statement that it generates.

conclusion
Conclusion
  • ACT automatically logs every statement
  • ACT provides integrated access to the log
  • ACT allows deletion of sets of log entries
account summary report
Account Summary Report
  • The Account Summary Report is designed to give a summary of a given account. It includes levy, levy balance, P&I due, attorney fees, payment date of last payment, total amount paid and balance due.
  • It is broken down by year and jurisdiction, and gives a total balance due at the bottom as well as a payment amount due for the following 3 months.
account summary report quarter account
Account Summary Report – Quarter Account

P&I is dictated by amounts due in each quarter

account summary report multi jurisdiction
Account Summary Report – Multi-Jurisdiction

Broken down by year and jurisdiction

account history report
Account History Report
  • This report lists payment activity and appraisal district changes for a specified account.  The data is shown for each rec type, year, and tax unit, although the data can be restricted to a single year or single unit if desired.  If no appraisal district changes have been made for the account, just the certified information will be printed.  Ag rollbacks and quarter pay accounts that have been split are displayed separately from regular tax levy data.  Fees have their own unit number and thus are also shown separately within each rec type.
  • The payment portion of the report lists payments beginning with the most recent one.  The payments are sorted by validation number.  The following information is shown in this portion of the report:  year, tax unit, rec type (TL, OS, etc.), deposit number, validation number, remit sequence number, deposit and receipt dates, paid levy, discount, penalty, interest, collection fees, refund, variance, total paid, and fiduciary number (payer).  If no payments have been made for a particular year, unit, and rec type, a message to that effect will be printed on the report. This part is sorted in descending chronological order.
account history report1
Account History Report
  • The Certified Owner will always be the owner for the current tax year.
  • For the appraisal district change portions of the report, the following information is provided: rec type, receipt number, gross value, homestead total amount, revision code, HOVDFAER exemption info, exemption amount, taxable value, levy, levy change, date of change, and operator code of the person who made the change.  This part is sorted in descending chronological order.
  • This report is also available from the Payment History screens: a report produced from the Payment Summary screen lists all years and units; a report produced from the Unit Transactions screen shows data only for the year displayed on that screen.
  • Some clients want to have a page print at the end of the report that can be signed and used if refunds are pending.  If you want this page, set the client preference SIGNATURE_YES to Y.  Otherwise, set it to N.  Set the COLLECTOR preference to the name you want to use as the signature on the left side of the page. Set the CPA preference to the name to use on the right side. The title on the right side, under the CPA name, is created by using both the COUNTY_NAME and CPA_TITLE preferences.
account history report2
Account History Report

Levy change due to adding HOM

payment history report
Payment History Report
  • The Payment History report contains details of the payments. This report provides data by year, deposit, and tax unit.
  • If you click on the Unit Transactions tab for a given year, then the Payment History and Account History reports will be for that year only. If you click on those buttons on the first tab (Payment Summary) then it will be for all years.
33 01 d effective jan 1 1982
33.01(d) (effective Jan 1, 1982)

9 Topics in 90 Minutes

33 01 d
33.01 (d)
  • (d) In lieu of the penalty imposed under Subsection (a), a delinquent tax incurs a penalty of 50 percent of the amount of the tax without regard to the number of months the tax has been delinquent if the tax is delinquent because the property owner received an exemption under:
    • (1) Section 11.13 and the chief appraiser subsequently cancels the exemption because the residence was not the principal residence of the property owner and the property owner received an exemption for two or more additional residence homesteads for the tax year in which the tax was imposed;
    • (2) Section 11.13(c) or (d) for a person who is 65 years of age or older and the chief appraiser subsequently cancels the exemption because the property owner was younger than 65 years of age; or
    • (3) Section 11.13(q) and the chief appraiser subsequently cancels the exemption because the property owner was younger than 55 years of age when the property owner’s spouse died.
33 01 e
33.01 (e)
  • (e) A penalty imposed under Subsection (d) does not apply if:
    • (1) the exemption was granted by the appraisal district or board and not at the request or application of the property owner or the property owner’s agent; or
    • (2) at any time before the date the tax becomes delinquent, the property owner gives to the chief appraiser of the appraisal district in which the property is located written notice of circumstances that would disqualify the owner for the exemption.
33 01 d1
33.01 (d)
  • Receiving the code from the appraisal districts
  • Calculating the 50% ONLY on the amount that was exempted incorrectly
33 01 d2
33.01 (d)
  • ACT recommends communication with your CAD to determine if/how they will communicate these to the tax office.
  • Manually or by trigger table set a stop payment flag on the account and send a manual notice showing the amount due on the account.
  • Post the payment using special payment screen to insert the correct amount into the penalty column.
using trigger tables
Using Trigger Tables

9 Topics in 90 Minutes

what is trigger table
What is Trigger Table?
  • Table in the Oracle DB which can hold collections of data.
  • The collections are stored by client ID/year/account/fiduciary number.
  • Each collection of data is grouped by a Request Sequence Number,or RSN.
  • Each data set can be further divided with a batch sequence no.
how do you create trigger table collections
How do you create Trigger Table collections?
  • BMI 1057 will load a flat file into the table.
  • Use a scanner to create a flat file to be loaded.
  • Screen in TCS called statement Table.
  • Use Account Search to select accounts.
now that you have data what can you do with it
Now that you have data, what can you do with it?

On Account Master and Account Status

many batch menu items bmis can use a request seq no
Many Batch Menu Items ( BMIs) can use a Request Seq. No.

For instance,

BMI 605, to

update

bad address

flags...

and

BMI 1009, to

producestatements

discoverer
Discoverer
  • Intuitive ad-hoc query reporting
  • Analysis
  • Web-publishing tool
  • Empowers business users at all levels of the organization to gain immediate access to information.
tips for sit

Tips for SIT

Jonathan Martin

June 20, 2013

tips for sit1
Tips for SIT

We will be highlighting the following features:

  • Multi-Payment Per Month Warning Message
  • Creating a Refund Deposit
multi payment per month warning
Multi-Payment Per Month Warning
  • When entering payments in SIT, there is a popup that lets us know if a payment for the same month already exists
  • Option to override and add a second payment if necessary
  • Controlled by a client pref (SIT_MULTIPAYMENT_ALERT)
multi payment per month warning1
Multi-Payment Per Month Warning
  • Select Maintenance tab
multi payment per month warning2
Multi-Payment Per Month Warning
  • Select System Configuration
multi payment per month warning3
Multi-Payment Per Month Warning
  • Press F7 to ensure you are in \'search\'mode
  • Enter client pref ‘SIT_MULTIPAYMENT_ALERT’ in Code
multi payment per month warning4
Multi-Payment Per Month Warning
  • Press F8 to execute query
  • Ensure client pref set to ‘Y’
multi payment per month warning5
Multi-Payment Per Month Warning
  • Payment Entry screen
  • Select month ‘Feb’, which already had a $0 amount posted
multi payment per month warning6
Multi-Payment Per Month Warning
  • Select ‘Apply’
  • Popup displays
multi payment per month warning7
Multi-Payment Per Month Warning
  • Displays warning message
  • Option to continue
multi payment per month warning8
Multi-Payment Per Month Warning
  • Account Status/Detail
  • If selected ‘Yes’, 2ndpayment is displayed for Feb.(02)
creating a refund deposit in sit
Creating a Refund Deposit in SIT
  • Create/verify refund tax units in Tax Unit Maintenance
  • Make sure that the refund amount has been transferred from the payment tax unit (unit 94) to the correct refund unit (the overpayment unit is 8060)
  • Create Refund deposit
creating a refund deposit in sit1
Creating a Refund Deposit in SIT
  • Select Tax Unit Maintenance
creating a refund deposit in sit2
Creating a Refund Deposit in SIT
  • Tax Unit 8060 for Owner Refunds has been created
creating a refund deposit in sit3
Creating a Refund Deposit in SIT
  • Displays escrow/refund amount of $89.16
creating a refund deposit in sit4
Creating a Refund Deposit in SIT
  • Select Transfer Deposit
creating a refund deposit in sit5
Creating a Refund Deposit in SIT
  • Select the Col/Tax Unit Transfer tab
creating a refund deposit in sit6
Creating a Refund Deposit in SIT
  • Select the ‘Tax Units’ button and popup is displayed
  • Select 8060 for Owner Refund
creating a refund deposit in sit7
Creating a Refund Deposit in SIT
  • Enter same amount in Move & Receive ($50)
  • Then select ‘Apply’
creating a refund deposit in sit8
Creating a Refund Deposit in SIT
  • Confirmation popup is displayed
creating a refund deposit in sit9
Creating a Refund Deposit in SIT
  • Account Status/Detail displays transfer to refund unit
creating a refund deposit in sit10
Creating a Refund Deposit in SIT
  • Select Refund/Disbursement
creating a refund deposit in sit11
Creating a Refund Deposit in SIT
  • Enter deposit info,then select ‘Refund Transaction’
creating a refund deposit in sit12
Creating a Refund Deposit in SIT
  • Form is in query mode
  • Enter account number,then press F8
creating a refund deposit in sit13
Creating a Refund Deposit in SIT
  • Displays refund with an ‘TI’ status
  • Selected ‘Include’,then ‘Refund Process’
creating a refund deposit in sit14
Creating a Refund Deposit in SIT
  • Status was updated to ‘RF’
creating a refund deposit in sit15
Creating a Refund Deposit in SIT
  • Account Status/Detail displays refund deposit
  • Is ready to be disbursed
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