Tyler Technologies, Inc. (NYSE: TYL) announced today an efficient implementation of Tyler's CLT Appraisal Services ™ and iasWorld ® property appraisal and tax administration software with Washington County, Pennsylvania. The project, which began in 2013, was the county's first property reassessment since 1981. Prior assessments of nearly 118,000 parcels only reflected 25 percent of their fair market value. The county retained Tyler to review all classes of real property, which encompassed residential, commercial and industrial, public utilities and agricultural properties. Following the initial data collection phase, Tyler estimated the fair market value for each property based on a review of recent sales transfers of real estate within the neighboring area, a visual inspection of the exterior appearance of each property, and a correlation of other unique factors that may have affected the valuation of the property. The reassessment was a significant undertaking and followed proven mass appraisal processes. Tyler worked in close collaboration with the county to collect data on each parcel and establish updated values on each property. "Tyler helped us implement an entire refresh of our property records - including updating tax maps and capturing new street level images," said Brad Boni, chief assessor for Washington County. "Tyler and Washington County have known each other for a long time, and we've built a very strong relationship. It was a long process, but Tyler provided us with expertise we needed and helped us feel comfortable. Overall, we're very pleased with the outcome." In March 2016, the county released preliminary notices of new property values based on 100 percent of market value. Because previous valuations only reflected 25 percent of their fair market value, Tyler and the county jointly conducted informal reviews by appointment to educate property owners on how they calculated values and to explain the misunderstandings about tax rates adjustments. While this can often be a tumultuous process, especially given the fact that many residents had major changes in their property's fair market value, Tyler and the county focused on public information with an emphasis on education and community outreach.