The market value in rented state is the valuation method increasingly adopted by housing associations for its operation and accountability. Taxation management is the process of assessing the market value in rented state. This process of collecting object data, selecting valuation parameters, internal controls, analysis of changes in value and coordination with the valuer can be performed multiple times each year. The determined market value can be included in the annual report and periodically reported within the organization.
TMS supports taxation management. With this system you are fully in control of the process of taxing the market value in rented state. In TMS, iTax can also be activated periodically to actualize the value of vacant objects and the market rental value of objects based on recent market developments. The vacant value and market rental form important input parameters for the market value in rented state.
Taxation management is an important part of the integral financial and real estate platform. The periodic revaluation of real estate is critical input for reviews by asset managers. The determined and validated market value in rented state will often be included in the annual report which is part of the financial management process.