Tyler Technologies to Conduct Property Reassessment for State of Delaware
October 21, 2021 at 09:17 am EDT
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Tyler Technologies, Inc. announced that it has signed agreements valued at $27 million with New Castle County, Kent County, and Sussex County, Delaware, to provide its Appraisal Services? for the counties? upcoming reassessment projects. In addition, New Castle County has selected Tyler?s iasWorld? computer-assisted mass appraisal (CAMA) software. All three counties, which comprise the entire state of Delaware, were ordered to conduct reassessments to restore equity to all three counties? property tax systems. Each county searched for the best company to execute the appraisal, and all three selected Tyler for its expertise and proven track record. Tyler will provide its Appraisal Services to conduct a complete reappraisal for all properties in each county. Bringing more than 80 years of in-depth industry experience to mass appraisal, Tyler's specialists will physically inspect, collect data, and capture images on all types of properties to produce customized mass appraisal reports. Tyler follows a thorough process for residential field data collection, using field personnel to inspect residential properties and note unique characteristics of each parcel; this informs the overall parcel valuation. Similarly, Tyler will perform a commercial and industrial field data collection to gather property characteristics such as address, land uses, business name, building size, and condition. In addition to the reappraisal, Tyler will also provide its iasWorld CAMA solution to New Castle County. The county currently has an out-of-date CAMA system that will be replaced with Tyler?s solution. Tyler's iasWorld solution will help the county manage every step of the property appraisal process while also optimizing daily operations, managing and analyzing assessment data, and helping to generate fair, equitable, and defendable property valuations. Sussex County also currently uses Tyler?s iasWorld CAMA solution, and Kent County is actively evaluating a proposal to convert its current mass appraisal system to iasWorld as well.
Tyler's Appraisal Services is the nation?s most established mass appraisal solution and has been used to appraise nearly 35 million parcels of residential, agricultural, commercial, and industrial properties. The state of Delaware has a population of nearly 990,000. Its state capital is Dover, the second-largest city in the state.
Tyler Technologies, Inc. is specialized in the development of information management software for the public sector. The group provides software solutions in the areas of financial management, education, jurisdiction, government, planning, regulation, land management, document, data and information management, assessment and taxation, public safety management and cyber security. Net sales break down by source of revenue as follows:
- sales of maintenance services (39.6%);
- sales of subscriptions (27.3%);
- sales of software-related professional services (19.6%);
- sales of licenses and royalties (9.2%);
- sales of valuation and tax software solutions (2.2%);
- other (2.1%): notably sales of computer hardware.
TYLER TECHNOLOGIES, INC. 
