|
Tampa, Fla. (September 19, 2011) - Tampa-based company Dynamic Securities Analytics, Inc. ("DSA") has discovered a new method to detect property tax revenue that has been missed due to fraud, error, or oversight. Developed by company President Alison Jimenez, the algorithm and data-mining system identifies non-compliant homestead exemptions.
The financial benefits of property tax homestead exemptions have long enticed some citizens to misuse them. Many property appraisers and assessors have attempted to uncover homestead exemption fraud through tips, legwork, and mass mailings. However, these methods are neither cost nor time efficient. DSA has simplified and automated the detection process through the application of an algorithm that determines which properties are most likely to be subject to fraud. The system can also focus on higher dollar exemptions, which allows for a greater return of tax dollars through a small amount of time invested. The results are expected to empower local governments including cities and counties to collect more of the property taxes owed by identifying invalid exemptions.
"Local governments are increasingly pinched for resources and often face the hard choice of cutting services or raising taxes. However, there is a third option - increase the collection of taxes by searching out fraud." said Alison Jimenez. "Having a quick and efficient methodology that aids property appraisers and assessors to fairly apply property tax code will boost municipal revenue by identifying invalid homestead exemptions."
Jimenez filed for United States Patent protections (US Serial No: 61/533324) on September 12, 2011.
About DSA & Alison Jimenez DSA specializes in forensic economics and was founded in 2003 by Alison Jimenez. Ms. Jimenez holds a bachelor's and a master's degree in economics. She is also a Certified Anti-Money Laundering Specialist and a member of the Association of Certified Fraud Examiners. |
