Tyler Technologies, Inc. (NYSE: TYL) has signed a contract with the city
of Detroit's Finance Department, Assessments Division for Tyler's CLT
Appraisal Services. Tyler will provide the city with real property
appraisal data verification, sketch conversion and valuation services.
The agreement is valued at approximately $7 million.
Detroit has not completed a full reappraisal of its real property in
more than 50 years. The city executed a competitive request for proposal
process and sought an experienced vendor to conduct a comprehensive
appraisal valuation study, including an evaluation of existing property
conditions and improvements. The project will also include the creation
of digital property sketches of all improved properties and real
property data verification.
Detroit has approximately 396,000 total parcels and is the most populous
city in Michigan with a population of 701,000. Tyler's CLT Appraisal
Services - the country's only national mass appraisal services company -
has appraised more than 30 million parcels across 46 states.
About Tyler Technologies, Inc.
Tyler Technologies (NYSE: TYL) is a leading provider of end-to-end
information management solutions and services for local governments.
Tyler partners with clients to empower the public sector - cities,
counties, schools and other government entities - to become more
efficient, more accessible and more responsive to the needs of citizens.
Tyler's client base includes more than 11,000 local government offices
in all 50 states, Canada, the Caribbean, the United Kingdom and other
international locations. Forbes has named Tyler one of "America's Best
Small Companies" seven times and the company has been included four
times on the Barron's 400 Index, a measure of the most promising
companies in America. More information about Plano-based Tyler
Technologies can be found at www.tylertech.com.
Jetstream PR for Tyler Technologies
Tony Katsulos, 972-788-9456,
ext. 301
katsulos@jetstreampr.com