The assessment of millions of properties by government officials and property appraisers in the U.S. will be hugely improved and streamlined following a powerful partnership by leading location intelligence and aerial imagery firm, Nearmap, and America's provider of computer assisted mass appraisals (CAMA) for properties, Tyler Technologies, according to a press release.
Nationwide, Tyler Technologies’ mass appraisal, tax billing and collections software solutions help to ensure fair and equitable property assessments and timely taxation of more than 97 million property parcels, according to the release.
The partnership provides users with the most comprehensive property appraisal solution available in the U.S. By working with Tyler Technologies to streamline the overall appraisal workflow, Nearmap is helping Tyler's customers complete multiple appraisals in the time it would take to physically visit one property.
The solution will incorporate regularly updated, high-quality Nearmap aerial imagery and location data into the workflows of Tyler Technologies’ mass appraisal system. This will deliver even more efficient and accurate property valuation and assessment processes, allowing users to remotely, and more easily, detect data changes and discrepancies in properties, the companies said.
“Local governments are striving to implement fair and equitable property tax systems for residents,” Tyler technologies Senior Vice President/General Manager Jake Wilson said in the release. “Streamlined data collection and quality control – which prevent data errors and omissions early in the process – will increase trust in property valuations. This also reduces costly and time-consuming disputes for property tax administrators.
“Tyler has been the trusted partner for integrated solutions covering the land development and property tax lifecycles for more than 70 years,” Wilson added. “We're excited to partner with Nearmap, which has the leading location intelligence offering in the market, to enhance Tyler's property appraisal solution and create the industry's most comprehensive solution for property assessment administration.”
Don Weigel, senior vice president of products for Nearmap, said the partnership will contribute to improved bottom lines.
“The ability to embed the leading location data and aerial imagery of Nearmap with Tyler Technologies’ comprehensive offering in computer-assisted mass appraisal, assessment administration, tax-billing and collections creates an incomparable and enduring property solution,” he said. “Property valuations and appraisals are highly dependent on access to timely, accurate, and validated property, building, and real estate market data. Nearmap aerial imagery helps bridge that gap, by providing clear and current aerial imagery that helps thousands of users conduct virtual site visits for data-driven property insights that better enable informed decisions, streamline operations, and contribute to an improved bottom line.”