General Information
The day taxing jurisdictions use to assess property taxes
Lien Date
How long does an abatement take to complete?
12-16 weeks
what is the tax year?
October 1 - Sept 30
Who do we request paid receipts from?
Property tax
What is the lien date?
January 1
What two states charges sales tax on top of property taxes?
Rhode Island & Arkansas
The process of requesting a refund of personal property taxes paid to the tax assessor
What is the email we provide the customers to end registration documents to?
Propertytax@gmfinancial.com
Which tax year had delayed billing ?
2019
True or False: Customers can be billed twice a year
True
Which state allows eligible customers exemption from property taxes?
Texas
What two documents can be used to file an abatement?
Plate cancellation or plate transfer receipt
What document is needed to file for an abatement?
Plate cancellation
When does GMF receive the property tax bill?
The following year
What two documents can be used to file for an abatement?
Plate cancellation or Transfer receipt
Which is the only registration states that does not allow abatements?
Kentucky
What are the two ways to recognize and abatement looking in the transaction history?
DECR FEE ASSD or Regular payment (origin code EPP)
True or False: Bills are received in July of the current year?
True
Name 1 of the 5 counties that bill electronically
East Providence, Little Crompton, Cranston, Warren & Pawtucket
Is Virginia a registration state or rendition state?
Both
Rendition state property taxes are triggered based on what?
Garaging address
Which 4 states allow abatements?
Connecticut, Massachusetts, Rhode Island and Virginia
What triggers the property tax to be billed?
Registration
True or False: If the year in the activity log is reflecting 2021, it is for the time customer was in vehicle Jan 1 - Dec 31 2021?
False
True or False: it is the dealers responsibility to notify the DMV when the customer moves so the registration is updated?
False