Revenue and Transportation Interim Committee July 9, 2015 1 July - - PowerPoint PPT Presentation

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Revenue and Transportation Interim Committee July 9, 2015 1 July - - PowerPoint PPT Presentation

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July 9, 2015 Revenue and Transportation Interim Committee July 9, 2015 1 July 9, 2015 Reappraisal Update 2 July 9, 2015 Overview 2015 Reappraisal Status Electronic Property Record Card Public Website Additional

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SLIDE 1

July 9, 2015

1

Revenue and Transportation Interim Committee July 9, 2015

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SLIDE 2

July 9, 2015

2

Reappraisal Update

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SLIDE 3

July 9, 2015

3

Overview

  • 2015 Reappraisal Status
  • Electronic Property Record Card – Public

Website

  • Additional Residential Sales Data
  • 2017 Reappraisal Timeline
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SLIDE 4

July 9, 2015

4

2015 Reappraisal Status

  • Classification and Appraisal Notices
  • Approximately 28,000 personal property

(business equipment) and 46,000 mobile home notices were mailed in May

  • Approximately 600,000 real property notices are

currently being mailed statewide

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SLIDE 5

July 9, 2015

5

Electronic Property Record Card

  • An electronic property record card is now available

at:

  • http://property.mt.gov
  • Property records may be

accessed by geocode, name, or address

  • This website will have all property characteristics,
  • wner name, etc. but it will not have any sales

data

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SLIDE 6

July 9, 2015

6

Electronic Property Record Card

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SLIDE 7

July 9, 2015

7

Electronic Property Record Card

with no sales data

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SLIDE 8

July 9, 2015

8

Informal Review and Appeals

  • Informal Classification

and Appraisal Reviews (Form AB-26)

  • Filed with the Department
  • Due within 30 days from the date
  • n the notice
  • Formal Appeals
  • Filed with the local County Tax

Appeal Board

  • Due within 30 days from the date
  • n the notice
  • or -
  • If filing an AB-26, within 30 days

from the Department’s decision

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SLIDE 9

July 9, 2015

9

Additional Residential Sales

Property

  • wners can

request additional residential sales on Form AB-26

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SLIDE 10

July 9, 2015

10

Residential Sales Information

  • Additional sales

provided in either paper form or a PDF

  • n a USB drive
  • Information Includes:
  • Geocode
  • Sale price
  • Sale date
  • Address
  • Geocodes can be

entered online for more information

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SLIDE 11

July 9, 2015

11

Electronic Property Record Card

With sales in market area and subject property’s comparable sales

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SLIDE 12

July 9, 2015

12

2017 Reappraisal Timeline

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SLIDE 13

July 9, 2015

13

2015 Tax Season Update

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SLIDE 14

July 9, 2015

14

Individual Income Tax Returns Processed Electronic and Paper

Tax Seasons 2010-2015

Apirl 30, 2010 April 30, 2011 April 27, 2012 May 3, 2013 May 2, 2014 May 1, 2015 Paper 74,319 60,710 38,688 44,983 41,606 33,309 Electronic 332,183 370,975 389,802 399,347 410,412 420,566 Total 406,502 431,685 428,490 444,330 452,018 453,875

82% 86% 91% 90% 91% 93% 18% 14% 9% 10% 9% 7%

50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 500,000

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SLIDE 15

July 9, 2015

15

Individual Income Tax Refunds Processed Electronic and Paper

Tax Seasons 2010-2015

82% 18%

April 30, 2010 April 30, 2011 April 27, 2012 May 3, 2013 May 2, 2014 May 1, 2015 Total 337,999 349,243 325,969 349,041 359,512 352,477 Paper 59,873 46,075 22,040 32,363 33,077 26,980 Electronic 278,126 303,168 303,929 316,678 326,435 325,497

82% 87% 93% 91% 91% 92% 18% 13% 7% 9% 9% 8%

  • 50,000

100,000 150,000 200,000 250,000 300,000 350,000 400,000

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SLIDE 16

July 9, 2015

16

Average Days to Process an Individual Income Tax Refund Filed Electronically

Tax Seasons 2010-2015

7.9 5.8 6.9 5.5 5 6

1 2 3 4 5 6 7 8 9 April 30, 2010 April 30, 2011 April 27, 2012 May 3, 2013 May 2, 2014 May 1, 2015

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SLIDE 17

July 9, 2015

17

Income Tax Collections

By Fiscal Year 2006-2015

$0 $200 $400 $600 $800 $1,000 $1,200 $1,400 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015* Millions

Fiscal Year

* Fiscal Year 2015 Only Includes Collections Through June

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SLIDE 18

July 9, 2015

18

Corporate License Tax, Partnerships, and Small Business Corporation Returns Processed

Electronic and Paper

Tax Seasons 2010-2015

54% 46% 33% 67% 82% 76% 82% 85% 18% 24% 18% 15%

April 30, 2010 April 30, 2011 April 27, 2012 May 3, 2013 May 2, 2014 May 1, 2015 Total 17,933 26,728 25,750 36,985 36,405 37,599 Paper 9,696 8,951 4,573 8,025 6,555 5,468 Electronic 8,237 17,777 21,177 28,960 29,850 32,131

46% 67% 82% 78% 82% 85% 54% 33% 18% 22% 18% 15%

5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000

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SLIDE 19

July 9, 2015

19

Business Tax Returns Processed

Form Type

Tax Seasons 2010-2015

54% 46% 33% 67% 82% 76% 82% 85% 18% 24% 18% 15%

April 30, 2010 April 30, 2011 April 27, 2012 May 3, 2013 May 2, 2014 May 1, 2015 Totals 17933 26728 25750 36985 36405 37600 CLT-4S 7703 12160 11265 14973 16925 17104 PR-1 3829 8973 9137 15408 13057 14275 CLT-4 6401 5595 5348 6604 6423 6221

36% 21% 21% 18% 18% 17% 21% 34% 35% 42% 36% 38% 43% 45% 44% 40% 46% 45%

5000 10000 15000 20000 25000 30000 35000 40000

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SLIDE 20

July 9, 2015

20

Corporate Tax Collections

By Fiscal Year 2003-2014

$0 $20 $40 $60 $80 $100 $120 $140 $160 $180 $200 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Millions FISCAL YEAR

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SLIDE 21

July 9, 2015

21

Income Tax Fraud Update

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SLIDE 22

July 9, 2015

22

Refund Frauds Prevented

Tax Year 2014

Month Received # of Frauds Stopped Total Fraud $ Stopped Prior Years Found in 2015 6 $4,004 January 147 $209,207 February 667 $646,524 March 495 $519,954 April 102 $102,029 May 32 $41,844 June 34 $36,465 Total 1,483 $1,560,027

Tax Year 2013

Month Received # of Frauds Stopped Total Fraud $ Stopped Prior Years Found in 2014 32 $8,600 January 17 $55,852 February 120 $176,646 March 124 $161,985 April 143 $180,029 May 225 $206,872 June 151 $166,155 Total 812 $956,139 2013 Total 1,250 $1,482,060

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SLIDE 23

July 9, 2015

23

Refund Frauds Lost

Tax Year 2014

Month Received # of Refunds Lost Total Refund $ Lost Prior Years Found in 2015 3 $3,185 January 24 $24,537 February 8 $10,085 March 2 $1,757 April $0.00 May $0.00 June $0.00 Total 37 $39,564

Tax Year 2013

Months Received # of Refunds Lost Total Refund $ Lost Prior Years Found in 2014 $0 January $0 February 7 $8,713 March 8 $11,237 April 2 $3,943 May $0 June 1 $901 Total 18 $24,794 2013 Total 19 $26,130

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SLIDE 24

July 9, 2015

24

Refund Frauds Lost and Later Recovered

Tax Year 2014

Month Received # of Refunds Lost/Recovered Total Refund $ Lost/Recovered Prior Years Found in 2015 $0 January 8 $9,598 February 9 $7,482 March 2 $7,224 April $0 May $0 June $0 Total 19 $24,304

Tax Year 2013

Months Received # of Refunds Lost/Recovered Total Refund $ Lost/Recovered Prior Years Found in 2014 $0 January $0 February 1 $2,519 March 1 $1,139 April 1 $152 May 2 $17,092 June $0 Total 5 $20,902 2013 Total 5 $20,902