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Date Posted: 11/14/2007

Tyler Technologies Secures Property Reappraisal Contract with Bibb County, Georgia

 
 
DALLAS--(BUSINESS WIRE)--Tyler Technologies, Inc. (NYSE: TYL - News) announced today that it has reached an agreement with Bibb County, Georgia, to provide its CLT property reappraisal services. The Bibb County Board of Commissioners approved the $1.85 million deal unanimously.

As part of the contract, Tyler will determine accurate 2009 property valuations for all taxable properties within Bibb County. The updated appraisals will enable the County to resolve its 2005 and subsequent tax digests. Correcting the digests through the assignment of accurate values, which is essential to providing local tax agencies throughout the County with revenue, is a top priority for Bibb County. The contract also allocates funds for Tyler professionals to assist the County with handling potential appeals that may result from the revaluation process.

According to David J. Johnson, president of Tyler’s Appraisal Services Solution, the agreement will enable Bibb County to meet state requirements for its tax digests in a timely and efficient manner. “Bibb County is committed to the resolution of its property valuations. Tyler has the property reappraisal experience to help it meet this challenge, providing the County the benefit of our trained and experienced staff. We’re pleased to have been selected and look forward to a successful partnership with Bibb County,” he stated.

Bill Vaughn, Macon-Bibb County Board of Tax Assessors Chairman, commented on the agreement, “We look forward to leveraging the extensive experience of Tyler in the mass appraisal business to assist the Macon-Bibb County Board of Tax Assessors in establishing 2009 valuations that will meet Georgia State guidelines for value and uniformity.”

Located in central Georgia, Bibb County covers an area of 255 square miles. It has a population of approximately 155,000, making it the ninth largest county in the state. Macon is the county seat.

Based in Dallas, Tyler Technologies is a leading provider of end-to-end information management solutions and services for local governments. Tyler partners with clients to make local government more accessible to the public, more responsive to needs of citizens, and more efficient. Tyler’s client base includes more than 6,000 local government offices throughout all 50 states, Canada, Puerto Rico and the United Kingdom. Tyler has been named one of “America’s 200 Best Small Companies” by Forbes Magazine and one of “America’s 100 Most Trustworthy Companies” by Audit Integrity, an independent research firm. More information about Tyler Technologies can be found at www.tylertech.com.

Tyler Technologies, Inc. has included in this press release “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 concerning its business and operations. Tyler Technologies expressly disclaims any obligation to release publicly any updates or revisions to these forward-looking statements to reflect any change in its expectations. These expectations and the related statements are inherently subject to risks and uncertainties that could cause actual results to differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to, changes in competition, changes in general economic conditions, changes in the budgets and regulatory environments of the Company’s customers, risks associated with the development of new products and the enhancement of existing products, the ability to attract and retain qualified personnel, and other risks detailed from time to time in the Company’s filings with the Securities and Exchange Commission.


 
 


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