Tyler Technologies selected by Real Property Tax Valuation Unit for data collection services
Tyler Technologies Inc. (TYL) announced yesterday that it has signed an agreement with the Department of Inland Revenue’s Real Property Tax Valuation Unit to carry out data collection services using Tyler’s CLT Appraisal Services.
The story appeared on Yahoo.com’s finance page and revealed that the project, which is being carried out to “collect and verify property data in order to bring base values up to date for fair and equitable taxation”, is scheduled for completion in 2021.
The project includes data collection and entry services, as well as valuation services for residential and commercial parcels.
“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,” the Yahoo article said.
“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.
“After the CLT team completes all field work, they will enter data into Tyler’s iasWorld CAMA property assessment software, which manages all property data and every phase of the property appraisal process. New values will be reviewed and assigned, culminating in a modernized real property tax regime.”
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