Taxonics is a self-service platform that provides commercial real estate owners and investors with data and analytics to understand, appeal, budget, and manage their property taxes. By combining real estate data with tax-specific tools, Taxonics helps users make informed decisions throughout the real estate lifecycle.
Funding
Funding not disclosed
Founders
Product
Problem
Commercial real estate owners and investors often lack easy access to comprehensive data and analytics for understanding, managing, and appealing property taxes, leading to uncertainty in deal underwriting, budgeting inaccuracies, and potential overpayment of taxes. Navigating the complexities of varying tax jurisdictions and assessment methodologies further compounds these challenges.
Solution
Taxonics is a self-service platform that provides commercial real estate owners, managers, and tax professionals with the tools and information necessary to make informed decisions regarding property taxes. The platform combines a database of real estate tax information with professional-grade technology, offering solutions for due diligence, tax projections, and ongoing tax management. Taxonics' products provide insights into taxing jurisdictions, assessment methodologies, and valuation models, enabling users to solve tax problems and maximize asset performance.
Target Audience
Taxonics targets commercial real estate owners, investors, managers, and tax professionals responsible for maximizing asset performance and minimizing tax liability.
Features
- Real estate tax due diligence reports providing jurisdiction insights, assessment comparables, and tax forecasts.
- A searchable database (INFORM) with comprehensive taxing and assessment information for hundreds of jurisdictions, continuously updated and vetted by tax professionals.
- Proprietary technology for accurate real estate tax forecasting, quantifying annual tax expenses throughout the asset lifecycle.
- Cloud-based application accessible anytime, anywhere, without IT or hosting requirements.
- Tools for projecting real estate taxes, assisting with budgeting, appeals, and compliance.