City of Detroit Contracts for Tyler Technologies’ Appraisal Services
Tyler Technologies, Inc. (NYSE:TYL) has signed a contract with the city of Detroit’s Finance Department, Assessments Division for Tyler’s CLT Appraisal Services. Tyler will provide the city with real property appraisal data verification, sketch conversion and valuation services. The agreement is valued at approximately $7 million.
Detroit has not completed a full reappraisal of its real property in more than 50 years. The city executed a competitive request for proposal process and sought an experienced vendor to conduct a comprehensive appraisal valuation study, including an evaluation of existing property conditions and improvements. The project will also include the creation of digital property sketches of all improved properties and real property data verification.
Detroit has approximately 396,000 total parcels and is the most populous city in Michigan with a population of 701,000. Tyler’s CLT Appraisal Services – the country’s only national mass appraisal services company – has appraised more than 30 million parcels across 46 states.
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.
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