What does ITAM mean in SOFTWARE

What Is iTAM?

iTAM or Internet Tax and Assessment Management is an automated system developed to manage tax assessments electronically. It allows local governments to upload vital information concerning properties within their jurisdiction onto the internet as well as calculate the exact amount of taxes that should be levied against them. In addition to assessing taxes more accurately, iTAM reduces paperwork associated with traditional methods of taxation such as paper assessment forms and manual record keeping. By doing so, it helps local governments save time and money by decreasing administrative costs associated with preparing tax documents by hand. Additionally, it ensures all property data is up-to-date at all times since information can be entered into the system through an online portal in real-time.

How Does iTAM Work?

iTAM works by allowing county officials to upload important information pertaining to property owners in a particular jurisdiction onto the platform via an online portal. They can then enter detailed information about each property such as its address, name of owner, type of home (single family residence or multi-family), size of land, estimated value etc., into the program in order for it to generate a detailed report on that particular parcel’s taxable value used to calculate taxes due on it. Once this report has been generated by iTAM software, tax assessors can easily review it in order to make sure none of the fields are incorrect before they are submitted for processing. Additionally, once all relevant details have been confirmed as being accurate they can send reports directly back from iTAM without having to manually fill out multiple paper forms or keep records of past assessments which saves both time and resources on behalf of county officials responsible for reviewing these documents before submission day arrives

Benefits Of Using iTAM

The main benefit associated with using iTAM or Internet Tax and Assessment Management is its ability to drastically reduce paperwork associated with traditional methods of taxation such as paper assessment forms which not only take up considerable amounts of time but also create unnecessary delays in processing important documentation related to taxation purposes prior submission day for final approval from both county administrators and taxpayers alike. Furthermore since all records are stored electronically there are few chances that any errors will occur during what would typically be a very tedious task when dealing with paperwork and manual record keeping especially when dealing with large amounts of data regarding multiple parcels at one given time requiring extra attention from tax assessors reading each document while making notes if any changes need made upon submission day arrives at last. Other advantages include its secure nature since all uploaded information remains safe due technical security protocols preventing unauthorized accesses from external sources attempting breaching the taxpayer database thus protecting all confidential information related specific parcels belonging respective owners living within county limits securely until needed once more later on down the line sometime soon again very soon indeed indeed indeed!