Tyler
Technologies, Inc. (NYSE: TYL) announced today an efficient
implementation of Tyler's CLT Appraisal Services™ and iasWorld®
property appraisal and tax administration software with Washington
County, Pennsylvania. The project, which began in 2013, was the county's
first property reassessment since 1981.
Prior assessments of nearly 118,000 parcels only reflected 25 percent of
their fair market value. The county retained Tyler to review all classes
of real property, which encompassed residential, commercial and
industrial, public utilities and agricultural properties. Following the
initial data collection phase, Tyler estimated the fair market value for
each property based on a review of recent sales transfers of real estate
within the neighboring area, a visual inspection of the exterior
appearance of each property, and a correlation of other unique factors
that may have affected the valuation of the property. The reassessment
was a significant undertaking and followed proven mass appraisal
processes. Tyler worked in close collaboration with the county to
collect data on each parcel and establish updated values on each
property.
"Tyler helped us implement an entire refresh of our property records –
including updating tax maps and capturing new street level images," said
Brad Boni, chief assessor for Washington County. "Tyler and Washington
County have known each other for a long time, and we've built a very
strong relationship. It was a long process, but Tyler provided us with
expertise we needed and helped us feel comfortable. Overall, we're very
pleased with the outcome."
In March 2016, the county released preliminary notices of new property
values based on 100 percent of market value. Because previous valuations
only reflected 25 percent of their fair market value, Tyler and the
county jointly conducted informal reviews by appointment to educate
property owners on how they calculated values and to explain the
misunderstandings about tax rates adjustments. While this can often be a
tumultuous process, especially given the fact that many residents had
major changes in their property's fair market value, Tyler and the
county focused on public information with an emphasis on education and
community outreach.
"We made sure there was transparency with the county's residents during
the entire reassessment, knowing that there would be a lot of
questions," said D.J. Johnson, president of Tyler's CLT Appraisal
Services. "We provided training to county staff and members of the Board
of Appeals and also made presentations to various civic groups and
school boards so everyone felt prepared and properly informed."
In addition to using Tyler's iasWorld solution, Washington County
simultaneously used an older, legacy system during the reassessment.
While integrating two databases was a challenge, the county is currently
transitioning to use the iasWorld solution exclusively. They will
benefit from Tyler's evergreen perpetual licensing approach that
provides regular and significant, yet manageable, software enhancements
without additional relicensing fees, ensuring all systems are the latest
technology.
Washington County has about 208,000 residents; its county seat is the
city of Washington, which is about 30 miles southwest of Pittsburgh.
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 their
constituents. Tyler's client base includes more than 14,000 local
government offices in all 50 states, Canada, the Caribbean, the United
Kingdom and other international locations. In 2016, Forbes ranked Tyler
on their "Most Innovative Growth Companies" list, and it has also named
Tyler one of "America's Best Small Companies" eight times. The company
has been included six times on the Barron's 400 Index, a measure of the
most promising companies in America. More information about Tyler
Technologies, headquartered in Plano, Texas, can be found at www.tylertech.com.
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Jetstream PR for Tyler Technologies
Tony Katsulos, 972-788-9456,
ext. 301
Tony.Katsulos@JetstreamPR.com