Key Enhancements
This release of DataTree® delivers the below two key enhancement and additional notable enhancements:
Key Enhancements:
- Opportunity Zones (Filter, Map Layer and Export Field)
- Schools Report
Opportunity Zones
DataTree now supports searching for properties in Opportunity Zones with three new features:
- Advanced Search – A new Opportunity Zone filter has been added to target properties in opportunity zones.
- Map – A new layer has been added to visually display opportunity zones on the map.
- Export – A new field has been added to the Property Characteristics and Property Detail Export packages to indicate whether each property lies within an opportunity zone.
The screenshot above shows the Opportunity Zones near Disneyland in green,
along with pins on the three-bedroom single family residences in those zones.
Why This is Important
Opportunity zones are specially-designated census tracts in which the Federal government offers tax incentives for investment. The Tax Cuts and Jobs Act of 2017 included an incentive for investment in economically-distressed areas in all 50 states. Investments in properties in these areas receive tax incentives that increase the longer the property is held.
Investors, developers and corporations can now use DataTree to target properties that offer tax deferral incentives for investment. Also, investors who own many properties can use DataTree to inventory which of their properties lie within opportunity zones, for which they would be eligible for tax deferrals.
Schools Report
A new Schools Report is now available in DataTree. This new report features a graphical presentation of up-to three public schools assigned to the subject property, as well as a listing of nearby private schools.
Assigned public elementary, middle and high schools are displayed with details such as grades served, number of students, state test score rankings and demographic information.
Why This Is Important
Public school attendance assignments are a major driver of property value in many areas. A home that lies within the attendance boundary of a strong school carries a higher value than an identical home in a weaker school’s attendance boundary. Unlike school reports in many other property information sources, which simply list nearby schools, DataTree’s Schools Report shows the public schools that are assigned to the subject property.
Other Notable Enhancements
- Enhanced owner mailing names for trust-owned properties
- Subject property parcel outline highlighted on map
- Off Market option added to Listing Status filter in Advanced Search
- Management company fields added to the HOA Contact Export package.
If you have any questions, please contact DataTree Client Support at 866.377.6639 or dtresales.sna.ca@firstam.com.