Tyler Technologies Awarded Contract To Provide Assessment Services For Menomonee Falls, Wisconsin |
Village Privatizes Assessor's Office Under New Agreement
Dallas, June 29, 2005 -- Tyler Technologies, Inc. (NYSE: TYL) announced today that it has entered into a contract to provide property assessment services to the Village of Menomonee Falls, Wisconsin. The agreement, valued at more than $1.1 million, results in the privatization of the Village's property assessment department after unanimous approval by the Village board naming Tyler's Assessment & Tax Division as the statutory assessor. Tyler is currently conducting the 2005 property revaluation for Menomonee Falls and is contracted to conduct the next revaluation in 2008, in addition to assuming the role of assessor for the Village.
Trustee Sharon Ellis, who chaired the Village board meeting approving the contract, noted that the decision was more than two years in the making. "Village staff has been studying operations since early 2002 to determine various actions that would decrease Village costs and/or improve the efficiency of Village operations," said Ms. Ellis. "The recommendation of management to privatize the assessor's office was well thought out and resulted in this strategic move, which we believe to be in the best long term interest of the Village of Menomonee Falls."
David J. Johnson, president of the Appraisal Services Unit of Tyler's Assessment & Tax Division said, "With years of experience in providing both reappraisal and statutory assessor services, Tyler was the right fit for the Village of Menomonee Falls. We look forward to playing a key role in helping the Village achieve its fiscal management goals."
Tyler's Assessment & Tax Division now has 16 communities in Wisconsin for which it performs annual assessment work. With a regional office located in West Allis, Wisconsin, Tyler's appraisal services staff in the region is composed of year-round Wisconsin residents who are very familiar with the local real estate market.
Tyler's Assessment & Tax Division is the nation's largest provider of mass appraisal and property tax software and reassessment outsourcing services. Since its founding in 1938 as the Cole Layer Trumble Company, the Division has provided appraisal outsourcing services and property tax administration software to over 1,200 assessing jurisdictions in the United States and Canada.
Based in Dallas, Tyler Technologies is a leading provider of end-to-end information management solutions and services to 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 nearly 6,000 local government offices throughout all 50 states, Canada, Puerto Rico and the United Kingdom. Forbes Magazine named Tyler one of the "200 Best Small Companies" in America in 2004. More information about Tyler Technologies can be found at www.tylerworks.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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Jun 29, 2005 |
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