Home > Manage Your Account > Tax Forms & FAQs > Property Tax FAQs > What is a tax true-up?

What is a tax true-up?

A true-up is when PEAC Solutions reconciles the estimated taxes paid by the lessee to the actual tax billed by the tax jurisdiction. If the lessee overpaid the taxes, they will receive a credit, via check. If the lessee underpaid, PEAC Solutions will invoice the difference. This is standard practice with leasing companies.

Still need help?

Contact us here