Asset Reclassification

With PTMS it is easy to find and reclassify assets to ensure proper depreciation/valuation. Reclassified assets retain their new classification from year to year.

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Ghost Assets Identified

Easily identify and reclassify as "Not Reported" or "Non-Assessable" those assets that are retired but still in your fixed asset database.

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User Defined Valuations Minimize Tax

Depreciation tables for jurisdictions that value property based on the cost approach are included with PTMS. In addition, the software allows you to create and use your own Replacement Cost New, Index and Depreciation tables to more accurately reflect the fair market value of your assets.

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Overvalued Assets Identified

PTMS calculates and compares your opinion of value with the assessor's value. PTMS will automatically show the dollar amount and the percentage of all overvaluations.

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Duplicate Tax Payments Prevented

PTMS checks each tax bill against all previously paid tax bills to prevent duplicate payments.

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