Tyler Technologies, Inc. · NYSE:TYL
Tyler Technologies — Investor Presentation (May 2022)
22 slides from Tyler Technologies's investor presentation, May 2022
Slide 1: Lackawanna County, Pennsylvania Appraisal & Tax Solutions
Lackawanna County, Pennsylvania Appraisal & Tax Solutions Paul Miller Eastern Regional Sales Lead
Slide 2: County selected Tyler Technologies for Countywide Reassessment Project
May 2022 After an RFP process, the County selected and contracted with Tyler Technologies to conduct the Countywide Reassessment Project
Slide 3: Assessing all property at the same standard of value
During a reassessment, all property must be assessed at the same standard of value to ensure equity that each property owner is paying their “fair share” of the property tax.
Slide 4: Reassessment Fears
Reassessment Fears • Pay more taxes • Government will spend more • Discover unknown improvements on my property
Slide 5: Reassessment Fears – More Taxes?
Reassessment Fears – More Taxes? Will a new assessment mean that I pay more in taxes? A property's assessment should reflect its market value. As market values increase or decrease, assessed values may not reflect these changes. This means that some property owners with outdated assessments could be
Slide 6: Reassessment Fears – Government Spending
Reassessment Fears – Government Spending Will the County or School collect more taxes as a result of the reassessment? The county and the school districts are capped by law on how much additional revenue can be generated from reassessment. Following the reassessment, property tax rates will be adjus
Slide 7: Countywide Reassessment – Revenue Neutral
Countywide Reassessment – Revenue Neutral Reassessment does not increase or decrease tax revenues. The total tax burden is distributed more fairly. A resident’s county, municipal, and school taxes are based on the assessed value of a property. Past practice shows about one third of properties will s
Slide 8: Reassessment – Value/Tax Impact
Reassessment – Value/Tax Impact
Slide 9: Reassessment Fears – Discover Improvements
Reassessment Fears – Discover Improvements Discover unknown improvements Updating assessment records to include newly discovered improvements, ensures equity and that everyone pays their fair share of property taxes. Countywide reassessments are intended to restore fairness within the community.
Slide 10: Phases of Reassessment
Phases of Reassessment Door to door Data Analysis Valuation Informal Data Review Meetings Collection Early Mid 2022 Early 2024 To To to Early 2025 Mid Early 2024 Late 2024 2024 © Tyler Technologies 2019
Slide 11: Site Visits
11 Site Visits • Trained data collectors will visit every property in the County. • Data collectors will wear bright yellow Tyler vest, and a Lackawanna County issued photo ID badge. • Data Collectors will practice social distancing. • Exterior measurements will be taken of all improvements. • All w
Slide 12: Street-Level Imaging
Street-Level Imaging Images taken with Field Mobile tablets. © Tyler Technologies 2018
Slide 13: Full Transparency
Full Transparency (Lackawanna County, Pennsyhan x | x al a G ©) https://empower.tylertech.com/Lackawanna-County-Pennsylvania html a PROPERTY SEARCH Timeline * Late Spring/Early Summer 2022: A small Tyler crew will start setting up an office in the Lackawanna Lackawanna County Enyce Gots Sat ee peopl
Slide 14: Data Mailers
Data Mailers • Mailed to each property owner • Summer 2023 thru Spring 2024 • Opportunity for owner to review and confirm and/or correct the items which will impact property values • In order to ensure accuracy and a high quality level of the assessment data, the data mailer should be signed and ret
Slide 15: Income and Expense Surveys
Income and Expense Surveys • Commercial properties are valued by the “cost approach” and the “income approach” • Surveys will gather current and relevant income and expense data from owners of commercial, industrial and apartment properties • Mailed in Spring 2023 All information provided will remai
Slide 16: Data Review & Analysis
Data Review & Analysis DATA ANALYSIS
Slide 17: Data Analysis
Sales Market A comprehensive sales study will be Data conducted for all properties that sold Analysis within Lackawanna County over a 30 month period ending on July 1, 2024.
Slide 18: Residential Valuation
Residential Valuation © Tyler Technologies 2019
Slide 19: Value Review
Value Review • Gather all collected data • Review of all attributes • Use comparable data • Identify outliers • Establish new market value
Slide 20: Notices
Notices • “Would I…. Could I …sell for this amount?” • Avoid comparing new values with old assessment • Make an appointment to discuss concerns • Schedule time to meet with Tyler representative – Bring important documentation • Visit county website for more information
Slide 21: Support of Values
Support of Values Partner with the county throughout the informal review process, including website for appraisal project, appeals support, document flow, and participation in board of revision hearings. © Tyler Technologies 2018
Slide 22: Contact Information
Contact Information Lackawanna County Tyler Technologies Christopher S. Gerancher Lackawanna County Assessor’s Office Tyler Project Supervisor 123 Wyoming Avenue, 2nd Floor 123 Wyoming Avenue, 2nd Floor Scranton, PA 18503 Scranton, PA 18503 Telephone: 570-963-6728 Telephone: 570-983-3800 Email: asse
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