Search
 

A Property-tax Panacea?

Web-based software has data on thousands of taxing jurisdictions

By Staff Writer | Updated on June 01, 2002

CVS Corp., a $22.2 billion drugstore chain, used to keep track of real estate taxes using Excel spreadsheets. But when an acquisition a few years ago doubled the number of its locations to about 4,000, “we had to find a faster and smarter way of doing our jobs,” says Jim Snowden, a property tax manager for the company. “All of a sudden we started getting tax bills from jurisdictions CVS had never dealt with.”

It’s rarely a pleasant experience when the taxman cometh, but when companies have multiple locations, it can be a nightmare. More than 9,000 municipalities in the U.S. levy real estate taxes,

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.