Analytics at SPF Finance has led to a significant rise in tax revenues from real estate transactions

The Patrimony Department of the Belgian Federal Public Service (FPS) Finance collects information on value and ownership of real estate property from notaries and real estate agents. This information is, among others, used to enable a better and more efficient real property tax collection.

In order to get a better view on the regularity of real estate transaction, the Patrimony Department started using analytics in 2003. But this model still required a lot of manual transaction and detection. Only when SAS Enterprise Miner was introduced, this changed drastically.

Nowadays, the detection of irregularities and possibly dubious transactions is performed mostly automatically, leaving the department with far more time to optimize their model. This resulted in a significant rise in tax revenues from real property transactions. Read here  how SPF Finance has benefited from SAS software and from the SAS team’s experience.