PosiTax

In compliance with Kentucky HB 524, PosiTax makes all municipal tax, fee, contact, and due-date information available on demand through your browser, Microsoft Excel, or your policy admin or underwriting systems — including the precise taxing jurisdiction FIPS coding. Quotation and underwriting systems can query the PosiTax database to return fee and rate information based on tax code. Policy addresses can be looked up individually, or batch-processed so the returned dataset can be loaded into dependent computer systems. Enter addresses into a spreadsheet, and Excel accesses PosiTax, returning the information needed to determine the tax liability and applicable regulations by individual address for any of the municipal-taxing states.

PosiTax uses parcel-level geocoding to precisely assign taxing jurisdictions, using municipal boundaries, police and fire districts, or stated-defined geographies. Where applicable, it provides rates (by line of business) at municipal and county levels. That ensures the correct premium-tax jurisdiction is assigned to each insured, and it ensures premium taxes due the municipalities can be computed in accordance with each tax district's requirements. If an incomplete policy-address record doesn't produce a jurisdiction match — and for states in which it's allowed — PosiTax can apply a jurisdiction code based on the extrapolated zip-code frequency of all policy address records analyzed.