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LMS360 – Tax Tools

LMS Tax ToolsDelta 360 provides a suite of municipal property tax tools which allow lenders to quickly and accurately identify the municipality for a given property and calculate the tax portion to be collected with the mortgage payment to eliminate a shortfall in the tax account. Our tax tools provide national coverage and instant results.

Municipality Search Tool
Simply enter the province and the city, or town, and the tax search functionality will instantly respond with the name of the municipality in which the property is located.

Tax Portion Calculator
As easy as 1 – 2 – 3, the calculator uses key loan details together with the property and municipality bill payment information to accurately calculate the annual tax levy. This calculation is used to:

  • accurately determine the tax portion to be collected with the mortgage payment that is manageable by the customer and sufficient to cover the property tax obligation
  • produce a schedule of collected payments from the customer and remittances to the municipality that is easy to understand and explains the tax administration process

Key Features

Improved Customer Satisfaction
By accurately calculating and collecting the amount of the property tax portion required with each mortgage payment, any tax account surplus / shortfall can be minimized for customers.  Provide your customers with a detailed schedule of collected payments and remittances to the municipality that is easy to understand and explains the tax administration process.

Improved Accuracy
Our municipality search tool instantly provides the name of the municipality for a given property.  This ensures that properties are setup with the correct municipality thus helping to ensure property taxes are paid on time and without penalties.

Reduce Costs
Our tax calculator provides a cost effective alternative to time consuming and costly tax information searches.  This is accomplished by providing search results and calculations in seconds rather than minutes, thus significantly reducing labour costs.

Quick and Flexible Deployment
Our tax tools are available as a standalone web-based solution that can be deployed immediately.  We also offer integration services which allows the tax tools to be directly linked to any lending solution.

Zero Capital Cost
The base tax tools allow you to access the service with no upfront configuration.  Take advantage of a predictable transaction based pricing model.  We manage all of the data updates for municipal rates and bill dates.

Worry Free Solutions
Our solution is available 7 days a week and 24 hours a day.  Delta 360 manages all of the data updates for municipalities and provides all necessary equipment and hosting for the solution.