Vermont Tax Dept processed more than $70 million in transfer taxes online since 2011

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Vermont Tax Dept processed more than $70 million in transfer taxes online since 2011

Tue, 04/21/2015 - 1:13pm -- tim

The Vermont Department of Taxes today announced its 50,000th electronic property transfer tax (ePTTR) return since the online application first launched in 2011. Built at no cost to the state over a two-year period between 2009 and 2011 by the state’s eGovernment partner, Vermont Information Consortium (VIC), the service has also securely processed more than $70 million in property transfer taxes online.

“The electronic Property Transfer Tax Return service has been an extremely convenient service for Vermont property buyers and sellers, title attorneys, and town clerks across the state for the past three years,” said Jamie Gage, VIC General Manager.

The ePTTR service has streamlined the property transfer process in Vermont for a wide array of stakeholders including Vermont municipal officials, buyers/sellers and their attorneys, and Department of Taxes employees in several key ways:

  • Providing more accurate and timely information about properties in the transfer of ownership,
  • Allowing multiple parties to work on returns together electronically,
  • And expediting payment to the state via ACH Debit.

Accessible online 24/7/365 at https://secure.vermont.gov/TAX/pttr, adoption rates on the service have grown significantly since launch, from 8,600 returns processed in 2011, nearly one-third of all returns processed by the state, to more than 16,000, or 60 percent, processed online last year. Built under a self-funded model by VIC, the application rounds out an impressive suite of online services for the Department of Taxes, including VTBizFile, VTPay, Tax Refund Status, Homestead Declaration, and soon -- the online public submission service for Current Use applications to the state.

About Vermont.gov

Vermont.gov (http://www.Vermont.gov) is the official Web portal of the State of Vermont. Vermont.gov is managed through a public-private partnership between the State of Vermont and Vermont Information Consortium, the Montpelier-based official eGovernment partner for the State of Vermont. The company has developed and manages over 160 interactive government services on behalf of the state and is a wholly owned subsidiary of eGovernment firm NIC (NASDAQ: EGOV).

About NIC

Founded in 1992, NIC EGOV, +0.00% is the nation's leading provider of official government websites, online services, and secure payment processing solutions. The company's innovative eGovernment services help make government more accessible to everyone through technology. The family of NIC companies provides eGovernment solutions for more than 3,500 federal, state, and local agencies in the United States. Forbes has named NIC as one of the “100 Best Small Companies in America” five times, most recently ranked at No.11 (2013), and the company has been included four times on the Barron’s 400 Index. Additional information is available at http://www.egov.com.

SOURCE: MONTPELIER, Vt., Apr 21, 2015 (BUSINESS WIRE) -- Vermont.gov. 4.21.2015