DealmakingFintechProptechReal Estate Tech

Tyler integrates Nearmap tech to enhance mass appraisal services

Tyler Technologies, an integrated software and tech service provider for the public sector, today announced partnering with location intelligence and aerial imagery firm Nearmap, to improve its appraisal capabilities, according to a press release.

Tyler, which claims to be the largest provider of computer-assisted mass appraisals (CAMA) for properties in the U.S., says that the partnership will provide users “with the most comprehensive property appraisal solution available in the U.S.”

“Local governments are striving to implement fair and equitable property tax systems for residents. 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,” stated Jake Wilson, Senior VP and General Manager for Tyler Technologies, in the release.

Nearmap says that by integrating its technology, Tyler is streamlining the overall appraisal workflow and enabling customers to complete multiple appraisals in the time it normally takes to physically visit one property.

It also says that the solution will incorporate regularly updated, high-quality aerial imagery and location data into Tyler’s mass appraisal system to deliver more efficiency and accuracy to the property valuation and assessment process. Nearmap also says the partnership-driven technology allows users to remotely detect data changes and discrepancies in properties.

“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,” said Nearmap’s Senior VP of Products, Don Weigel.

“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,” Weigel said.

Founded in Australia in 2017, Nearmap’s location technology and content is currently used by government customers in 42 states and countries including Canada, Australia and New Zealand. The company captures wide-scale urban areas several times each year, and provides the content instantly via cloud-based web app and API integrations.

In other recent proptech news, Property Meld partnered with PURE Property Management to improve maintenance management. Parvis also raised $2.6 million for its blockchain-based real estate investment platform.

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