Premium Tax Service helps you quickly and accurately determine local premium taxes in Delaware, Florida, Illinois, Kentucky, Minnesota, Mississippi, New York, and South Carolina.
Just looking at a property's postal address doesn't tell you what tax jurisdiction it's in, and eyeballing ordinary road maps to figure out your customer's tax jurisdictions isn't accurate and absorbs hours of valuable staff time. And a simple clerical error could turn into a costly compliance problem with state regulators.
Premium Tax Service merges the most comprehensive postal, parcel, and street databases with state-of-the-art geographic information system (GIS) technology to determine each policyholder's correct location and premium tax. The service also indicates whether an insured is in multiple tax zones.