Tyrell had received between 1-3 points in eight of Pirates games this year (3 2 1 3 1 2 1 2), while Hussey collected points in seven matches (3 3 3 1 2 2 1).
The two of them will now share the Grand Irish Bar $500 voucher prize.
At 39 years old, the evergreen Tyrell continued to be the linchpin in Pirates backline this season.
There were some lows with the highs, such as getting 30 hours "community service" within the Pirates club for verbally abusing a referee in the April 4 win over Dave Hoskin Carriers Marist. However, Tyrell put it behind him to deliver some outstanding performances, such as in Pirates' 31-6 win over McCarthy's Transport Ruapehu in May, while also taking over the goalkicking responsibilities during the second round of matches.
Hussey started the season playing a little bit of second-five to shore up some gaps in the Border lineup, but was soon making a fist of it in the loose forwards.
Eager to earn a spot in the Steelform Wanganui lineup for the Heartland Championship, and with Border coach Ross Williams doing everything publicly and privately to push him into consideration, Hussey has made some strong headway in club rugby.
In their last round robin games, Tyrell scored a try and kicked two conversions and a penalty, while Hussey finished the game in Waverley with his left eye starting to close after a bruising match where he led from the front with some big tackles.
It is the sixth time the MVP award has been shared, including last year when Hussey's teammate Lindsay Horrocks and his rival Ruapehu halfback William Short finished deadlocked on 19 points.
Tyrell, who won the award outright in 2007, has twice before shared the honours - in 2004 with Ratana's Charlie Mete and 2009 with Marist's Greg Charlton, back when Tyrell played for Wanganui Car Centre Kaierau.
In 2008, Ratana's Leon Mason and Marist's Ron Katonivere finished on equal points, as did Kaierau's Ace Malo and Ruapehu's Roman Tutauha in 2012.
The other solo winners have been Utiku's JJ Walker (2003), Mason (2005), Kaierau's Ateria Ateria (2006), Lasa Ulukuta (2010 for Kaierau, 2013 Pirates), and Kaierau's Darren Munro (2011).