Company Website: http://www.Vermont.gov
MONTPELIER, Vt. -- (Business Wire)

The Vermont Information Consortium announced that the state of Vermont’s electronic Property Transfer Tax Return (ePTTR) online application has processed more than $100 million in property transfer taxes for the state. Built at no cost to the state over a two-year period, between 2009 and 2011, by the state's digital government partner, Vermont Information Consortium (VIC), in conjunction with the state’s Department of Taxes, the service has also securely processed over 70,000 returns.

"For Vermont property buyers and sellers, title attorneys, and town clerks across the state, the electronic Property Transfer Tax Return service has been an extremely convenient application for the past five years," said Jamie Gage, VIC General Manager.

The ePTTR service has streamlined the property transfer process in Vermont for a wide array of stakeholders, including Vermont municipal officials, buyers/sellers and their attorneys, and Department of Taxes employees in several key ways:

• Providing more accurate and timely information about properties in the transfer of ownership

• Allowing multiple parties to work on returns together electronically, including town clerks

• Expediting payment to the state

• Significant cost savings to the state in resources, paper, postage, and storage

Accessible online 24/7 at https://secure.vermont.gov/TAX/pttr, adoption rates on the service have grown significantly since launch, from 8,600 returns processed in 2011 - nearly one-third of all returns processed by the state - to more than 16,000, or 60 percent, processed online in 2015.

Built under a self-funded model by VIC, the application rounds out an impressive suite of online services for the Department of Taxes, including its new website www.tax.vermont.gov and the newly released online public submission service for Current Use applications to the state.

For more information, please contact Jamie Gage at (802) 229-4171.

About Vermont.gov

Vermont.gov (http://www.Vermont.gov) is the official Web portal of the state of Vermont. Vermont.gov is managed through a public-private partnership between the state of Vermont and Vermont Information Consortium, the Montpelier-based official digital government partner for the state of Vermont. The company has developed and manages over 160 interactive government services on behalf of the state and is a wholly owned subsidiary of digital government firm NIC (NASDAQ: EGOV).

About NIC

Founded in 1992, NIC (NASDAQ: EGOV) is the nation's leading provider of innovative digital government solutions and secure payment processing, which help make government more accessible to everyone through technology. The family of NIC companies provides digital government solutions for more than 4,500 federal, state, and local agencies in the United States. Forbes has named NIC as one of the “100 Best Small Companies in America” six times and the company has been included four times on the Barron’s 400 Index. Additional information is available at http://www.egov.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160818005106/en/

Contacts:

Vermont Information Consortium
Jamie Gage, 802-229-4171
General Manager

Source: Vermont.gov