Through the sophisticated use of data analytics, leveraging Big Query, App Engine, and Tensorflow on the Google Cloud Platform, Assessure Systems has built a significantly more efficient process to analyze property tax audits.
Now, an entire tax roll can be efficiently audited using Assessure’s proprietary Verify™ system and approximately 90% of all exemption violations are identified in the first 20% of the tax roll using the technology. For example, a tax roll of 100k exemptions used to require human examination of about 60k records to identify most violations. Now, just 20k records would need examination by human auditors in order to identify almost all exemption violations in the tax roll.
In St. Tammany Parish, one of the first to partner with Assessure Systems to utilize this patent-pending software “Verify™,” it is projected to result in an additional $2-3 million in tax revenue annually.
Assessure Systems is now able to help local tax authorities more efficiently verify homestead exemptions being claimed with a smaller staff in less time, which increases the ROI for the jurisdiction.