Government Officials
Since 1998, InVesta has provided exceptional services to both the governments it partners with as well as to those governments’ constituents. Each year, InVesta delivers millions of dollars of operating revenue to local governments by purchasing delinquent property tax receivables at their full value.
Local governments rely on taxpayer funding to deliver essential public services. When property taxes go unpaid, this creates a disruption in critical revenue. At InVesta, we serve as a bridge. By assuming financial risk through purchase of the municipality’s delinquent tax portfolio, InVesta delivers needed cash to help prevent disruption to public services.
In exchange, the government transfers tax collection rights to InVesta. InVesta then helps tax delinquent property owners by offering payment plans and other arrangements to resolve overdue accounts.
Benefits
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Eliminating the gap between taxes levied and revenue received allows counties, cities and school systems to budget consistently without the worry of fluctuating collection rates.
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Demonstrating consistently high collection rates leads to higher credit ratings; resulting in lower interest rates when borrowing and issuing bonds.
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InVesta Services approaches each lien individually, which allows InVesta to fund liens that are considered difficult to collect, such as those in bankruptcy or litigation.
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InVesta relieves the tax official’s office of the burden of collecting delinquent property taxes, freeing up valuable staff time. However, if the tax officials prefer to keep the collection process in-house, InVesta can accommodate this request at the same funding level.
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InVesta Services receives only the statutory interest and fees allowed by law.
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Tax officials are provided direct access to real-time payment status information via InVesta’s secure website. Taxpayers are provided detailed payoff information promptly upon request.
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For residential taxpayers who find themselves in financial distress, InVesta offers flexible payment arrangements. For commercial taxpayers, the company provides payment strategies that work with the owner’s business plan. In many jurisdictions, taxpayers actually request that InVesta purchase their liens as they need the safety net of an arrangement that avoids foreclosure.
