Key takeaways
- TaxTank is a tax-first platform with bank feeds, capital gains tax calculations, and multi-asset class support (property, shares, crypto); propkt is a property management platform with strong tax features.
- TaxTank does not manage tenants, leases, maintenance, or documents; propkt covers both day-to-day property management and tax preparation in one platform.
- TaxTank's bank feed integration automates transaction entry, while propkt requires manual expense logging but offers more control over categorisation.
- propkt offers a free plan for one property; TaxTank requires a paid subscription starting around $20 to $40 per month.
- Investors with diversified portfolios across shares and crypto may benefit from TaxTank's breadth, while landlords focused solely on rental property get more value from propkt's depth.
propkt and TaxTank both help Australian property investors track income, expenses, and depreciation for tax purposes. If tax is your primary concern, both platforms deserve a serious look. But they come at the problem from different directions, and the feature sets reflect that difference clearly.
TaxTank is a tax-first platform. It was built by accountants to help investors prepare their tax returns, and it shows. It connects to your bank, automatically categorises transactions, and covers investment property alongside shares, crypto, and other asset classes. It is not just a property tool; it is a broader tax management platform.
propkt is a property management tool with strong tax features. It tracks your income, expenses, and depreciation, and produces a tax package for your accountant at EOFY. But it also handles the day-to-day work of managing a rental property: tenants, leases, maintenance, documents, and reminders. Tax is a core feature, not the only feature.
Here is how they compare on the specifics.
Where TaxTank Wins
Bank feed integration
TaxTank connects directly to your bank accounts and automatically pulls in transactions. This saves a significant amount of manual data entry. Instead of logging each expense individually, you review and categorise transactions that have already been imported. For landlords with a high volume of transactions across multiple properties, this is a substantial time-saver.
propkt requires manual entry or receipt uploads for expenses. While this gives you more control over what gets recorded and how, it does mean more hands-on work throughout the year.
Capital gains tax calculations
If you are planning to sell an investment property (or if you already have), TaxTank can help you estimate your capital gains tax liability. It tracks the cost base of your properties including purchase costs, capital improvements, and holding costs, and calculates the gain (or loss) when you sell.
propkt focuses on the ongoing holding period: income, expenses, and depreciation while you own the property. It does not include CGT calculations.
Property valuation tracking
TaxTank provides estimated property valuations using automated valuation models. While these are estimates rather than formal valuations, they give you a running picture of your portfolio's equity position. This can be useful for refinancing decisions or understanding your overall financial position.
propkt does not include property valuations.
Multi-asset class support
TaxTank covers more than just property. If you also invest in shares, ETFs, or cryptocurrency, TaxTank can track tax obligations across all your investment types in one platform. For investors with diversified portfolios, this is a meaningful advantage, one platform instead of three or four.
propkt is purpose-built for property and does not cover other asset classes.
Where propkt Wins
Tenant and lease management
propkt tracks your tenants, their lease terms, rent amounts, and bond details. You can see at a glance when leases are expiring, whether rent is up to date, and who is occupying which property. For self-managing landlords, this is core functionality that you need every month, not just at EOFY.
TaxTank does not manage tenants or leases. It knows how much rent you received, but it does not track who is paying it, when their lease ends, or what the bond situation looks like. You would need a separate system for those tasks.
Maintenance tracking
When something breaks at your rental property, propkt's maintenance tracking lets you log the issue, track its status, assign contractors, and keep a complete history of what was done and what it cost. This creates a maintenance record that is valuable for insurance claims, dispute resolution, and understanding your property's ongoing repair costs.
TaxTank tracks maintenance expenses as tax-deductible costs, but it does not provide a maintenance management workflow.
Document storage
propkt includes a document vault where you can store leases, inspection reports, insurance policies, receipts, and any other property-related documents. Having everything in one place, searchable and attached to the right property, is a significant practical benefit.
TaxTank stores transaction records and bank data but is not designed as a document management system for property files.
Automated reminders
propkt sends reminders for things like upcoming lease expiries, inspection due dates, insurance renewals, and other recurring property management tasks. These reminders help you stay on top of obligations that are easy to forget.
TaxTank focuses on tax deadlines and does not send property management reminders.
Tax package export
At EOFY, propkt produces a structured tax package that you can download and hand to your accountant. It consolidates your income, expenses, and depreciation into the format accountants expect, which streamlines the tax return process and reduces the chance of missed deductions.
TaxTank takes a different approach. It is designed to help you prepare your own tax return or work directly with TaxTank's partner accountants. It does not export a standalone tax package for your existing accountant in the same way.
Free tier
propkt offers a free plan covering one property with full access to core features. TaxTank does not have a free plan; pricing starts at a monthly subscription for access.
The Core Difference
The fundamental distinction is this: TaxTank is trying to replace (or at least simplify) your interaction with your accountant. propkt is trying to make that interaction as efficient as possible while also managing your property.
TaxTank's bank feeds and automated categorisation reduce the manual work of tracking finances. Its CGT calculations and multi-asset support make it useful beyond just property. If you want to do more of your tax preparation yourself, or if you invest across multiple asset classes, TaxTank's breadth is genuinely useful. For a broader comparison, see our guide to the best rental property tax software in Australia.
propkt's tenant management, maintenance tracking, and document vault address the other 11 months of the year, the day-to-day work of being a landlord. Its tax package export is designed to make EOFY easy, but the rest of the platform is about running your property smoothly throughout the year.
The Overlap
Both platforms track income and expenses. Both handle depreciation. Both produce reports you can use for tax purposes. If your only requirement is recording what you earned and what you spent on your property, either tool will do the job.
The question is what else you need.
Who Should Use What
Choose propkt if you are a self-managing landlord who wants one platform for both property management and tax preparation. If you need tenant tracking, maintenance logs, document storage, and reminders alongside your financial records, propkt covers all of that. It is especially strong if you want to hand your accountant a clean tax package at EOFY without spending hours compiling figures.
Choose TaxTank if your primary need is tax optimisation and you either already have a property management system or use a property manager. If you invest in shares and crypto alongside property, TaxTank's multi-asset support is a genuine differentiator. It is also the better choice if you want bank feed automation and are comfortable doing more of your own tax preparation.
Consider using both if you want TaxTank's bank feeds and CGT calculations for overall tax planning, plus propkt's property management features for daily operations. The financial data from propkt can feed into your broader tax picture in TaxTank.
Pricing Comparison
TaxTank's pricing varies by plan and the number of asset types you track. For property-only investors, expect to pay from around $20 to $40 per month depending on the plan tier.
propkt offers a free plan for one property and a flat Pro plan at $12 to $15 per month for unlimited properties. The free tier makes it easy to try without commitment, and the flat pricing is predictable as your portfolio grows.
For a landlord with two or three properties who only needs property-related tax tracking and management, propkt is typically the more affordable option. For an investor with a diversified portfolio spanning multiple asset classes, TaxTank's broader coverage may justify the higher price.
The Bottom Line
TaxTank is a tax platform that happens to be good for property investors. propkt is a property management platform that happens to be good for tax. Neither description is meant as criticism (both are well-built products), but understanding this distinction is the key to choosing the right one. Your decision should come down to whether you need help mainly with tax or mainly with managing your property, because each tool is built to excel at one of those two things.