PROPERTY TAX AND COMPLIANCE MANAGEMENT WORKFLOW

Created by ChecklistGuro (https://checklistguro.com)

[ ] Fetch Property Records: Retrieve all property entries from the Property Data Model to initiate the annual compliance check.
[ ] Fetch Tax Deadlines: Retrieve the global tax calendar to identify upcoming payment due dates.
[ ] Calculate Tax Liability: Calculate the total tax amount per property using (Property Value * Tax Rate) - Exemptions.
[ ] Update Property Tax Estimates: Update the 'Estimated Tax Due' field in the Property Data Model with the newly calculated values.
[ ] Calculate Total Portfolio Liability: Sum the 'Estimated Tax Due' from all property entries to get the total projected expenditure.
[ ] Assign Tax Auditor: Create a task for the Compliance Officer to verify the accuracy of the calculated tax amounts.
[ ] Document Collection Task: Create a task for Property Managers to upload updated deed or occupancy certificates.
[ ] Create Tax Assessment Record: Create a new entry in the 'Tax Assessments' data model for the current fiscal year.
[ ] Update Compliance Status: Update the 'Compliance Status' field of the property to 'Under Review' once the audit begins.
[ ] Retrieve Pending Documents: Check the Document Data Model for any missing required compliance files.
[ ] Notify Property Owners: Send an email to property owners regarding their upcoming tax obligations and estimated amounts.
[ ] Urgent Deadline Alert: Send an SMS alert to the Finance Manager if a tax payment deadline is within 48 hours.
[ ] Execute Tax Payment: Create a task for the Accounting Department to process the actual payments to the municipality.
[ ] Mark Tax as Paid: Update the 'Payment Status' in the Tax Assessment record to 'Paid' after the transaction is verified.
[ ] Generate Annual Compliance Report: Create a comprehensive PDF report summarizing all paid, pending, and overdue property taxes for the year.
[ ] Cleanup Draft Assessments: Delete any incomplete or erroneous draft tax assessment entries from the previous cycle.

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