A Tax to Grind | A Blog to Enlighten and Entertain Those Afflicted with Property Tax

We are Thankful for our Customers!

Topic: A Tax to Grind, A Tax to Grind

Monday, 24 November 2014 by Advantax

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As we approach the holidays and continue to celebrate our 20th Anniversary, we recognize we are here, because of you. We asked the Advantax team why they are thankful for you, our customers. Here are a few of the responses:

  • We are thankful for the opportunity to work along side our customers to help them solve problems.
  • We are thankful to share in your values and vision.
  • Thank you for continuing to challenge us on a daily basis.
  • We love to learn more about your business in order to save you time and money.
  • Thank you for putting your trust in Advantax.
  • Our customers have given us opportunities to learn, grow and laugh (a lot!)
  • We are excited to come to work because of the special connection we have with our customers.

Advantax is abundantly blessed to have so many great customers. Thank you for allowing us to partner with you as your office next door.

THANK YOU from Advantax

Do You Remember “Macro” Computers?

Topic: A Tax to Grind, A Tax to Grind

Thursday, 20 November 2014 by Karen Krug

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Back in the day, when computers were described as macro or micro, the business world was still learning the implications of this new technology.  Fast forward a decade (or 3) and handheld devices are now part of our daily lives.

Illinois’ Cook County is praising the “supercomputer” platform LexisNexis for its ability to detect property tax fraud.  Since January, the County has saved more than $6.2 million by removing the property tax exemption files of deceased senior citizens.

In July 2013 Gov. Pat Quinn signed legislation allowing a short amnesty period for repayment of invalid property tax exemptions with no penalties or interest charges.  Today, each month, the county averages $500,000 in collections and bills another $1 million to recapture fraudulent property tax exemption claims.

Seems as though the $1.3 million contract with LexisNexis has paid off in a “macro” way.

LexisNexis Advantax Blog

 

Does Higher Property Taxes = Better Education?

Topic: A Tax to Grind, A Tax to Grind, Property Tax Administration

Thursday, 13 November 2014 by David H. LeVan

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We know that higher property taxes means more money for schools. In fact over 50% of property tax revenues are currently used to fund education. But, does more money for schools guarantee better results? Historically, property tax revenues almost double every decade. Likewise, school spending has increased dramatically. Spending for education in the United States was $4,300 per student in 1971. That number was over $11,000 in 2011. That’s an increase of over 150%.

If the equation works we should see better results from our education…. right? The United States has remained flat in reading and math scores since 1971, while those scores have risen in every other developed country. According to a 2013 study, teens in the United States rank 36th in math, reading and science. Now, I know there are different studies out there that vary the ranks but generally they are all lower than we would expect. What’s missing in this equation?

advantax education