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Forsyth County Gets Royalties For New Tax Appraisal Software PDF Print E-mail
Local Government
By Administrator   
Monday, 11 November 2019 09:31

Forsyth County Government will receive a total  of $122,169 for a property tax appraisal program it developed that‘s being used by counties across the state. 

The royalties come the North Carolina Property Tax System (NCPTS) software offered to counties by the NC Association of County Commissioners. In 2012, Forsyth County transferred a CAMA (Computer-Assisted Mass Appraisal) program it created to the NCPTS. As part of the agreement, Forsyth was to receive 10 percent of CAMA implementation fees for the system over the next seven years.

NCPTS is being used in counties across the state, including in Forsyth, Mecklenburg and Guilford. It supports 51 percent of the statewide property tax base. 

The system is managed by Farragut Systems, Inc., a Durham-based software company. Farragut’s co-founders CEO Shail Jain and CCO Sucheta Jain presented Forsyth County commissioners with its first royalty check of $82,596 during a county briefing on Nov. 7. More royalties will come to Forsyth as other counties that use the system make payments over time, totaling $122,169 all together.

Some of the many county staff with Management Information Systems (MIS) and the Tax Department who worked together to develop the system were recognized during the briefing.

“It’s a reflection of the intellectual capacity of the county when you create own program,” said County Manager Dudley Watts. “The depth of your knowledge has to be remarkable.”

Shail Jain said that Forsyth’s appraisal system has been a model for other counties and he’s  even had a county in Louisiana express interest in using NCPTS.

 
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