Saturday, March 10, 2012

Indiana County Scores $1.5M In New Tax Revenue In Battle Against Fraudulent Homestead Exemption Claims

From a joint Lexis/Nexis and Tax Management Associates press release:

  • LexisNexis® Risk Solutions and Tax Management Associates, Inc. (TMA) [] announced that Delaware County, Ind. has discovered almost $1,500,000 in new revenue by leveraging the companies' Homestead Exemption Fraud Detection program.

  • The program -- the result of an alliance created by the companies -- combines LexisNexis analytics technology and public records databases with TMA's investigative capabilities to help counties detect Homestead Exemption fraud and discover new revenue.

  • Under the program, LexisNexis identified 3.6 percent of the applications in Delaware County's Homestead Exemption program were potentially fraudulent by examining key indicators of fraud such as:

    1) Exemptions filed by owners for rental properties;
    2) Individuals with multiple exemptions for multiple properties within Indiana;
    3) Individuals with multiple exemptions for multiple properties across multiple states;
    4) Businesses receiving exemptions; and
    5) Family members receiving exemptions under deceased property owners' names.

  • TMA further investigated the LexisNexis findings, verified the information and prioritized the accounts for collection by Delaware County.

For more, see LexisNexis and Tax Management Associates Identify Fraud and Discover Nearly $1,500,000 in New Revenue for Delaware County, Indiana (Alliance Leverages Data and Investigation Capabilities to Combat Homestead Exemption Fraud).

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