Commissioners approve homestead-deduction audit program with contingency fund creation
The county approved a contract to let Tax Management Associates audit homestead deductions for duplicates or ineligible claims; the vendor is paid 40% of recoveries and the county will create a fund to receive recovered back taxes if the program proceeds.
The full story
The auditor's office presented a proposal to contract with Tax Management Associates to audit homestead deductions and recover improperly claimed exemptions going back up to three years under state statute. The vendor's fee is 40% of amounts recovered; staff said the program will cost the county nothing unless collections are made, and that recovered sums customarily flow into an auditor-created fund to support auditor operations.
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