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Rockefeller Group Signs Agreement With ePropertyTax

NEW YORK CITY--The national development company Rockefeller Group Development Corp. has signed an agreement with ePropertyTax, the developer of an e-commerce solution for property tax management, for 15 Rockefeller-owned properties.

By Betsy Kraat | Updated on July 30, 2001

NEW YORK CITY-”Property taxes are notoriously complicated,” ePropertyTax CEO Richard D. Nearhood tells GlobeSt.com in an exclusive interview. “Most people just don’t want the hassle. We spent seven years of research and development perfecting a very unique technology, which is specifically designed to manage commercial property taxes.” Nearhood’s ePropertyTax currently represents six of the 15 largest REITS in the country, and is said to be the first and only web-enabled property tax management system. The company processes over $30 billion in real estate assets and over $2 billion in commercial property taxes yearly.

As ePropertyTax’s newest client, The Rockefeller Group will use the company’s unique tax management capabilities for properties in California, Florida, New Jersey and New York. “Having begun owning properties in New York City, RGDC has steadily increased our development scope in other states around the nation, which have multiple and complex municipal property tax assessments,” says Stephen Carroll, senior vice president and chief financial officer of RGDC.

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