Tyler Technologies Signs $15.1 Million Property Tax Software Agreement with the State of Tennessee
DALLAS–(BUSINESS WIRE)–Tyler Technologies, Inc. (NYSE: TYL) announced today that it has signed a contract to provide its iasWorld property tax software to the State of Tennessee. The contract, valued at approximately $15.1 million, is the largest single software contract in Tyler’s history, and includes software licenses, implementation services and support.
Currently, 88 of the 95 counties in Tennessee utilize State systems for their property assessment, appraisal and taxation. This collection of applications was originally developed to satisfy individual county needs—business needs that have expanded over the years through statute requirements and higher levels of services provided by the State.
To meet this growing demand for functionality and efficiency, the State sought to implement an integrated system that would consolidate databases and procedures currently performed in multiple systems.
After a thorough evaluation process, the State selected Tyler Technologies to provide its integrated, Web-based solutions, including Assessment Administration; Computer Assisted Mass Appraisal (CAMA); Personal Property; Inquiry and Appeals Tracking; and Tax Extension applications, as well as the ability to exchange data with other advanced applications such as GIS and document management systems.
Approximately 880 state, county and local government employees in Tennessee will interface in some capacity with the new system.
According to Andrew D. Teed, president of Tyler’s CLT Appraisal & Tax Solutions, the new system will allow the State to manage the database and software from one location, and counties to manage their own work using the single installation. “Our partnership with the State will provide centralized technology, a single point of contact for ongoing support, and the ability to extend the life of the software through continued enhancements.”
“We are extremely pleased to be awarded this contract,” commented Teed. “We look forward to working with the State of Tennessee to enhance its level of service to its counties, and through this, to its citizens.”
You have an outstanding good and well structured site. I enjoyed browsing through it.
You have an outstanding good and well structured site. I enjoyed browsing through it.