PREMIUM TAX DATA
Accurately identifying and assigning the proper tax jurisdiction for premium tax is a difficult, complex process. We created our premium tax database using high-precision geocoding technology to define tax territories and corresponding mandated reporting codes, allowing you to easily identify and remit the correct premium taxes for policy addresses.
Our database is certified for the following states:
- Alabama premium tax data
- Arizona premium tax data
- California premium tax data
- Delaware premium tax data
- Florida premium tax data
- Georgia premium tax data
- Illinois premium tax data
- Kentucky premium tax data
- Louisiana premium tax data
- Maryland premium tax data
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- Minnesota premium tax data
- Mississippi premium tax data
- Missouri premium tax data
- New Jersey premium tax data
- New York premium tax data
- North Carolina premium tax data
- North Dakota premium tax data
- Pennsylvania premium tax data
- South Carolina premium tax data
- West Virginia premium tax data
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To learn more about CoreLogic Premium Tax data, click here to have a CoreLogic representative contact you.
PREMIUM TAX SERVICE
Click image above to see the
Kentucky Premium Tax Analysis.
The service utilizes the most comprehensive parcel-based geocoding system of its kind, a geographic database of up-to-date and historical information on boundaries for municipalities and counties. The system combines such boundary information with current U.S. Census boundary data and premium tax information from the corresponding State Department of Insurance, enabling CoreLogic to quickly and accurately determine policyholders' premium taxes. Utilizing premium and tax data from insurers, our application can then compare taxes charged to the correct amount of premium taxes, and confirm they were paid to the correct municipal district. The CoreLogic service generates for insurers a comprehensive premium-tax report that includes:
- 10 Character Federal Information Processing Standards (FIPS code)
- Name of the lowest level taxing authority
- Special tax district code (City and footnotes from the Kentucky DOI premium tax schedule)
- Tax rate by line by line of business
- Actual versus charged tax comparisons
Additionally, analysis can be performed by our tax experts to provide the insurer a reason code for each over/under charge.
To learn more about CoreLogic Premium Tax Services, click here to have a CoreLogic representative contact you.
