|
The Montgomery County Department of Finance designed and developed
the Electronic Transfer Tax Application in 2002 as a re-engineering
of the simply deeds and deeds of trust business process. This financial
management application created a new, paperless processing environment
for real estate closing documents. The new system expedites the present
transfer environment of real estate closing documents. The new system
expedites the present transfer process and enables settlement companies
to accomplish County Transfer Office processing of simple deeds and
deeds of rust online, rather than utilizing the traditional "walk
through" method. The faster processing resulting from the system
benefits the County through faster deposit of tax receipts and increased
investment income, and benefits the settlement company through expedited
service to its clients. The Electronic Transfer Tax Application combines
database solutions and document image retrieval to create a streamlined,
integrated application. The application combines paperless electronic
application submission and review, automated electronic processing
of tax payments, and database tracking of payment information, all
accessed through the County’s web site. It is a cutting-edge
application that brings simplicity, speed, and cost savings to all
parties involved in the property transfer and tax collection process.
http://www.naco.org/
|
Seniors
