From the NY Post:
The city's Finance Department last week mothballed its useless new $4.3 million property-appraisal computer system, The Post has learned.
"It's a real mess," one city tax assessor said.
In July 2007, Vision Appraisal Technology, a small Massachusetts-based company, was awarded a three-year contract to overhaul the way the city calculates and values buildings and homes for tax purposes.
The complex program was doomed from the start.
It was supposed to be operational by September 2007, according to the Request for Proposals issued by the city.
But the vendor couldn't create the necessary software meant to help estimate the city's close to 1 million parcels of land. The old system had been in place since the early 1990s.
The revamped system -- intended to remove some of the discretion city assessors had in setting property values -- came after a major 2002 scandal in which a former assessor bribed Finance employees to reduce assessments on his clients' properties. The scam cost the city hundreds of millions in real-estate tax collections.
The "computer-assisted mass-appraisal system" was finally launched last month, two years late.