Property Tax Management In Atlanta
Managing your property taxes can be a tricky, time consuming process. One thing that's an absolute necessity is the need for accuracy. You can invest the time, energy and worry into managing it all yourself, or there's the option to outsource your property tax management. With the staff at Cold River, you get nearly 30 years of experience managing real property taxes all around the metro Atlanta area. We have a range of comprehensive services that makes the entire process more manageable. We don't rely on property tax management software. We rely on our experience- wouldn't you rather talk to a live individual instead? Let us help you with your property tax management liabilities.
Whether you're a CFO for a company, a developer or builder or just someone who wants help, let us help you with all your property tax management needs.
With all the complexities of property tax management, our services are some of the most comprehensive in the market. Here’s what we offer:
When your property taxes go unpaid for a period of time, the penalties can vary from state to state. This can create consequences ranging from additional expense and time all the way up to loss of collateral or property. These risks need to be managed with a systematic process in order to reduce your liabilites
It's well known that managing property taxes requires chasing down a great deal of paperwork including tax records, payment records, appeals, etc. Staying organized is essential. Not only can this become tedious, but it can become a full time job. It's also critical to stay up to date with all the compliance dates and verifications required. We keep you up to date so that your staff doesn't have to spend all their time managing this.
Companies that specialize in banking, investing, or other professions with high concentrations of real estate as owned property or collateral, know that taxes are important, but typically have little time for the tedious job of managing them. It’s also not a core function but rather a distraction to staff whose expertise is underutilized on administrative duties like taxes. Tax issues usually become interruptions and breaks in the continuity of the core business. They belong in the hands of administrative resources that manage property taxes as a full time function.
Taxes must be paid but they should also be forecasted, analyzed, minimized and paid without a fire drill. There should be a system in place to make sure that all tax assessments are reviewed in time to make informed decisions on appeals and to properly forecast the tax liability due and how it affects cash flow. The outsource process should also have a predictable fee.
Taxes get sold, property gets lost, and investors buy deeds and liens and charge for redemptions. Tax sales on delinquencies usually happen every month, in every state, and for a lender, notice is a nice thought but often does not happen in time. In these instances, you need a live person that knows the property tax business whose job it is to deal with your crisis.
Distressed Asset Purchases/Loss Share Arrangements:
These arrangements usually come with a host of property tax issues that need immediate attention and decisive action. Cold River specializes in triage and repair for tax portfolios acquired through loan/property purchases or loss share acquisitions. Documentation is key in loss share agreements and reporting means reimbursement.
Loan servicers can carve out the tax management portion of any portfolio and put Cold River in their back office for tax management.
Let us be your property tax management outsourcing resource. Contact us to discuss your real property tax management needs.