Tyler Technologies, Inc. (NYSE: TYL) announced today that the Ministry
of Finance for the Government of The Bahamas has chosen Tyler's iasWorld®
property appraisal and tax administration software to be used by its
Real Property Tax Valuation Unit (RPTVU). The contract includes software
licenses, implementation services and support.
The Bahamas conducted a competitive review looking for an efficient
appraisal and tax solution that would support the government's use of
modern technology to improve its property tax administration and
collection processes while reducing manual work, especially for property
assessments and reporting of outstanding taxes.
The government needed a solution that could deliver real-time tax
assessments and strategic performance and control reports, functionality
that the government's legacy system didn't provide.
"The introduction of the new Tyler Technologies property tax management
and CAMA system will enable the Real Property Tax Unit to improve the
coverage ratio of the tax system, provide accurate tax information,
manage arrears and collections and lead to an overall enhancement in the
efficiency of the department," said the Bahamian Minister of State for
Finance, the Honorable Michael Halkitis.
The use of iasWorld's Computer-Assisted Mass Appraisal (CAMA), Tax
Billing & Collection (TB&C) and Assessment Administration (AA) software
will enable the Bahamas to manage the entire property tax life cycle for
parcels across 700 islands, 2,500 cays and islets. iasWorld will also
improve the quality of assessments and provide survey, billing,
collections, imaging and GIS, and objections management (appeals) to the
Bahamas, and will include the implementation of Tyler's Munis®
cashiering solution.
The Bahamas selected Tyler based on the company's long history of
successful implementations, strong client relationships and proven best
practices. In addition to its iasWorld solution, the Bahamas has access
to CLT Appraisal Services, Tyler's appraisal services business that has
appraised more than 30 million parcels since its founding in 1938.
"Tyler's vast depth and breadth of industry experience puts us in a
unique position to deliver a solution for the Government of The Bahamas
to meet its complex appraisal and tax administration and collection
needs," said Andrew D. Teed, president of Tyler's Appraisal & Tax
Division. "We are confident that iasWorld will provide them with a
comprehensive property tax billing and collection solution that enhances
accuracy and efficiency in their operations and for the residents of the
Bahamas. We're pleased the government has chosen to partner with us and
look forward to a long relationship."
The Bahamas, one of the world's foremost vacation destinations, is
composed of more than 700 islands in the Atlantic Ocean off the coast of
Florida, stretching about 800 miles, nearly to Haiti. About 90 percent
of the islands' population, more than 300,000 residents, live on the
islands of Abaco, Grand Bahama (home to Freeport) and Providence (home
to Nassau). The island chain covers more than 5,000 square miles.
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