The City of Virginia Beach is located in Eastern Virginia on the Atlantic Coast and has a population estimated at 440,000. The City uses Manatron GRM to assess properties, maintain taxable owner records for real estate parcels, and bill and collect real estate, and other miscellaneous taxes. The City collects approximately $500 million in Real Estate taxes, $140 million in personal property taxes, and $260 million in business, sales, and user/consumer taxes on an annual basis.
"City staff and Manatron personnel came together as a team to plan this project and collaborated to make this first significant phase a success. We see the GRM solution as second to none in the industry, and are counting on this integrated enterprise system to support the city's needs now and into the future." commented Dave Hansen, CFT for the City.
"The City of Virginia Beach contract was a key win for Manatron given the high visibility of the RFP and the intense competition," said Paul Sylvester, Manatron's Chief Executive Officer. "We were fortunate that the City believed in Manatron and our vision for GRM. Now that they are live on GRM, this will provide us with another very important reference site, which will facilitate our marketing efforts in Virginia and across the nation."
"Both the City and Manatron dedicated the resources to ensure that this implementation was well planned and executed," said Bill McKinzie, Manatron's President and Chief Operating Officer. "They have been an exceptional partner to work with and we are very pleased to have accomplished this important milestone."
About Manatron, Inc.: Manatron is focused on providing software and services to enable state and local governments in North America to completely, fairly and efficiently assess real and personal property, and to bill and collect the related property taxes in their jurisdictions. The Company's software manages the entire property life cycle, which includes deed recording, land records, GIS (Geographic Information System) integration, valuation, assessment administration, personal property, business licenses, cashiering, tax billing and collection, delinquents and tax sales, and e-government. Manatron's revenues are primarily generated from software license fees, software maintenance fees, professional services, and sales of hardware, forms and supplies. Professional services consist of data conversions, installation, training, project management, hardware maintenance, forms processing and printing, consulting and appraisal services. Manatron is headquartered in Portage, Michigan and has offices in Florida, Georgia, Illinois, Indiana, Minnesota, Ohio, Pennsylvania and Washington. Manatron currently serves approximately 1,300 customers in 30 states and two Canadian territories. Information about Manatron, Inc. is available at the Company's site on the World Wide Web at http://www.manatron.com.
About Manatron GRM: Manatron GRM has been designed to support the entire property tax life cycle including Recording, GIS, Valuation, Assessment Administration, Tax Billing and Collection, Delinquent and Tax Sale. With never-ending budget pressures at all levels of government, property taxes are an increasing fiscal lifeline for counties. Because of the importance of this vital revenue source, it is imperative that jurisdictions completely, accurately and fairly apply the property tax burden to their taxpayers. In addition, being able to anticipate revenue trends through analysis of property tax data and develop proactive strategies for their impact is a critical "must-do" for all forward thinking government jurisdictions. Manatron designed GRM with this in mind. This complete property life-cycle solution is available in North Carolina and supports each office from the Recorder to the Assessor through the Tax Collector. For more information regarding Manatron GRM, please visit: http://www.manatron.com/solutions/GRM.aspx.
About City of Virginia Beach, Virginia: Virginia Beach is an independent city located in the South Hampton Roads area in the Commonwealth of Virginia, on the shores of the Chesapeake Bay and the Atlantic Ocean. It is the most populous city in Virginia and the 37th largest city in the United States, with an estimated population of 440,000. The City manages over 180,000 parcels of property and is responsible for billing and collecting real estate, personal property, special assessments, motor vehicle and other miscellaneous taxes. More information on the City of Virginia Beach can be found at http://www.vbgov.com.
Safe Harbor Statement: The information provided in this news release may include forward-looking statements relating to future events, such as the development of new products, the commencement of production, or the future financial performance of the Company. Actual results may differ from such projections and are subject to certain risks including, without limitation, risks arising from: changes in the rate of growth of the local government market, increased competition in the industry, delays in developing and commercializing new products, adequacy of financing and other factors described in the Company's most recent annual report on Form 10-K filed with the Securities and Exchange Commission, which can be reviewed at http://www.sec.gov.