The GeoTAX service uses geolocation to identify the tax jurisdiction in which a specific address is located and which current tax codes apply. It assigns state, county, township, municipal, school, and other pertinent tax type information to an address using the most precise geographic data available. This Service is currently available for addresses or coordinates in the United States only.
Tax exposure is an issue that companies deal with regularly. Since the majority of all taxes that companies pay are based upon local tax jurisdictions, it has become important for them to ensure that they are applying the correct tax rates for all of their customer billing. This creates the problem of accurately determining the tax jurisdiction for a customer's address.
For example, consider the following address: 5400 High School Ave., Dallas, TX
75205.
This address is located within the incorporated jurisdiction of Highland Park, FIPS place code 33824. Another piece of data available, the class code, indicates that Highland Park is an active incorporated place. In this example, relying on the mailing address to calculate the tax results in the incorrect tax jurisdiction assignment of Dallas, Texas. Many addresses are assigned to a post office (with an assigned postal city name) but are actually located in other jurisdictions, including different counties and cities serviced by that post office. Many addresses are outside of city limits. In all these cases, the jurisdiction names and codes assigned by GeoTAX are different from the postal city name or postal county name assigned to that post office.
The GeoTAX API service streamlines the process of retrieving and managing tax-related information based on the geographical location of an address or coordinates.