PLANO, Texas--(BUSINESS WIRE)--Tyler Technologies, Inc. (NYSE: TYL) today announced that the city of Yonkers and towns of Greenburgh and Ossining in New York have selected the company’s appraisal services business to conduct property reassessments.
All three municipalities are members of Westchester County’s Multiple Municipal Reassessment Consortium (MMRC). The MMRC selected Tyler after a competitive bidding process. The goal of the MMRC is to ensure all property is valued uniformly and bring a fairer property tax to taxpayers through reassessment of all properties.
The agreements collectively are valued at approximately $9 million, including reassessments of all real property; it’s the first time in decades that the municipalities’ property values will be revalued. In addition to data collection and appeal services, Tyler will also use its iasWorld® appraisal and tax administration software for data management during the project. iasWorld Public Access will also be used during the project to provide taxpayers with project updates and, as the project progresses, a gateway to access property and tax data online. Greenburgh, Yonkers and Ossining have a total of about 75,000 residential and commercial properties in Westchester County, a northern suburb of New York City. The reassessment projects will be complete in 2016.
“The MMRC is committed to delivering fairness, equity and transparency to taxpayers, and we will work closely with each municipality, under direction of the assessor, during the reassessment process to help them deliver exactly that,” said David J. Johnson, president of Tyler’s CLT Appraisal Services. “This is a great opportunity for Yonkers, Greenburgh and Ossining to set fair market values, and we’re pleased they selected Tyler as a partner.”
Tyler is the country’s oldest, largest and only national mass appraisal services firm. Through its appraisal services business, founded in 1938, it has successfully completed projects in 46 states, including 23 state capitals and has appraised more than 30 million parcels. Tyler’s Appraisal & Tax Division recently relocated its northeast regional office to Tarrytown, New York, to meet the expanding needs of clients in the area.
More information about the MMRC can be found on its website: www.mmrc.tylertech.com.
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.