“However, there are instances when the exemptions are invalid, and as a result, tax revenues are lost. “Tax exemption can be a welcome relief to those who qualify, and WCAD is committed to offering those that meet the eligibility requirements and need the benefit,” said WCAD’s Chief Appraiser, Martin Villarreal. As a result of employing a comprehensive HS audit program and utilizing LexisNexis Risk Solutions’ investigative tools, $520,390 in “new” revenue will be returned to the local tax entities within Webb County. The LexisNexis® Homestead Exemption Fraud Detection Solution has been an integral component of WCAD’s ongoing efforts to improve the audit process and integrity of their homestead exemption (HS) program.Īn audit review of more than 36,488 accounts helped WCAD identify 270 property owners that had erroneously claimed a homestead exemption on residential property for which they would normally not have qualified. WASHINGTON, DC and ATLANTA - Homestead Exemption Fraud Detection technology from LexisNexis® Risk Solutions has helped Webb County Appraisal District (WCAD) in Texas recapture more than $520K in new tax revenue that can be utilized by local governments to fund public services including emergency, educational, and other local social services. Committees, State Associations & Affiliates.
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