Tyler Technologies, Inc. signed a five-year, $7.8 million agreement with the Cobb County Board of Tax Assessors in Georgia for Tyler’s CLT Appraisal Services and Assessment Connect solution, the company announced in a release.
Tyler will be responsible for all phases of commercial property valuation in Cobb County, in addition to the implementation of Assessment Connect, a solution built on Tyler’s Socrata open data platform that provides assessing offices with data access and analysis tools to help ensure fair and equitable property valuations.
As a long-standing client of Tyler, Cobb County already uses Tyler’s appraisal services to assist with residential property inspections and uses Tyler’s iasWorld appraisal and tax administration software to manage assessment data. Tyler responded to Cobb County’s RFP for its commercial privatization appraisal project and was selected by the board of tax assessors, the company stated.
“We are pleased to continue our great relationship with Tyler for this commercial privatization appraisal project,” Stephen White, director and chief appraiser for Cobb County Tax Assessors, said in the release. “We look forward to continuing work with Tyler to maintain fair market values for the county’s commercial properties, bringing equity to property owners. The addition of Assessment Connect will allow us to have an additional tool that will assist us in our valuation of many of the unique and complex properties in Cobb County.”
Tyler manages the valuation of all 13,800 commercial properties in Cobb County, representing more than $30 billion in value. The appraisal project also includes exempt properties such as schools, courthouses, utility, and other public buildings.
Cobb County also will be using Tyler’s Assessment Connect solution - the first in Georgia to use this data solution.
“We’ve been able to improve the appraisal process for Cobb County through prior property assessment projects, and we're pleased to have the opportunity to continue doing so for the county’s commercial properties,” Jake Wilson, senior vice president and general manager of appraisal services for Tyler Technologies, said. “We're equally excited to introduce Assessment Connect to our first county in Georgia. We believe it will bring valuable insights around property trends to Cobb County immediately upon implementation and for many years to come.”