The Answer to Non-Filing Taxpayers in Your Jurisdiction

Assessment officials are faced with the identification and valuation of personal property accounts that fail or refuse to file the required forms with the city or county every year. CAVS was created to make this process easier and more accurate. CAVS consists of reliable average values for smaller business establishments ranging from a franchise to the “mom and pop” shops. Each business has an average asset and value listing for the assessor’s office to use when a business does not provide one.

What's so great about CAVS?

CAVS offers many benefits for modeling the personal property value across numerous business types. CAVS contains a list of equipment associated with each business type, and the average investment costs associated with each type of equipment. You can work online from anywhere; the browser approach leaves all the software behind. Research on current and new businesses are conducted throughout the year to ensure that the values are regularly updated and reflect as many business types as possible. Yearly updates are provided without requiring you to load new software, download, or schedule a technical visit.

Here are a few of the benefits that CAVS offers your office:

• Searchable business types by NAICS/SIC code and description
• A worksheet environment to allow customization by location
• Customizable business ranges by average, above average, and below average classifications
• The ability to add and remove equipment specific to a particular business
• Adjustment factors to include obsolescence or other concerns
• The ability to print and save your valuations for next year

The benefits extend beyond your office. Knowing the type of equipment associated with a particular business allows you to talk intelligently with the taxpayer. Knowing the average cost of each asset gives you the ability to determine what the expected investment should be. With all the information in CAVS at your fingertips, you will see an increase in compliance in future years.

CAVS Subscriptions

CAVS is sold on an annual subscription basis. It is a low cost system that allows multiple users to access the account from any jurisdiction without additional license fees. The initial sign-up can be completed at any time, and annual renewals are sent out to current CAVS clients in December. Bills for the service are sent after the first day of the jurisdiction’s fiscal year.

Register online, and after your account is validated, you are on your way. Contact the CAVS administrator with any questions or to schedule a free demo.