IAAO Research Exchange
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Measuring Representation in Sales Market Models and Ratio Studies
No full textOne of the assumptions of sales-based valuation and ratio studies is that properties that sell adequately and proportionally represent unsold properties. How can we test the truth of this assumption? This session demonstrates two methods for determining the degree to which sales represent unsold properties and precisely identifying properties that are not represented by sales
Fair + Equitable February 2024
No full textThe February issue of F+E looks at the history of the property tax and how at one point the historical “general property tax” applied to almost all property, including intangibles like stocks and bonds.
In addition, the issue also includes articles on: IAAO scholarships How Salt Lake City’s downtown survived the post-pandemic downturn IAAO Launch Pad plans for 2024 GIS/Val Tech Conference registration VAAO conference and lunch-and-learn outreach The need to adapt to new technology Past Presidents William Carroll and Josephine Lim remembered How to network at a conference IAAO team members earn leadership recognition IAAO welcomes new designer New IAAO designeeshttps://researchexchange.iaao.org/f-e/1007/thumbnail.jp
A discussion on mass appraisals: Case study on land plots, views of local appraisers and the future in property valuations
No full textMass appraisals constitute a cost effective and efficient way of valuing multiple properties in a consistent, fair and transparent manner since properties with similar attributes and characteristics will be assigned similar values. It is for this reason that various governments worldwide view them as a useful tool for the purposes of calculating tax base values of properties for the imposition of property taxes and levies upon their taxpayers. The purpose of this research paper is to examine the accuracy and reliability of property values generated by mass appraisals. A case study was performed on the most recently published mass appraisal in Cyprus being the general valuation of 01.01.2018 conducted by the Department of Lands and Surveys (DLS) with the assistance of local professional valuers. Multiple regression analysis (MRA) was carried out at the municipality of Agios Athanasios level, Agios Athanasios quarter in Limassol District for the purposes of further assessing the prices generated from the general valuation of 2018 in Cyprus. This research paper also aimed to identify ways to increase the accuracy and reliability of mass appraisals, to assess the degree and frequency of their usage in local practice and to conclude on whether mass appraisals constitute the future direction of the valuation profession based on relevant literature review and insightful information obtained via primary research, namely a questionnaire survey conducted among professional valuers operating in Cyprus
Automate Homestead Administration from Application-to-Removal, Saving Money & Staff Time
No full textIn 2024, TrueRoll launched the ability to automate the entire new homestead application process from intake through eligibility review, including digitizing handwritten applications and cross-checking over 3,000 county deed registers for duplicates, saving thousands of employee hours for counties.
With this launch, TrueRoll has created the first technology solution for End-to-End Homestead Administration. This new category marks the first time counties can automate the entire lifecycle of a homestead from application to homestead removal.
In this session, attendees will learn how this new category answers the challenges of their office like:
How automating the intake and review process of new homestead applications can free up significant staff time around enrollment periods.
How TrueRoll can scan handwritten applications and check for name and address agreement across applicants, drivers license documents, and owner databases in order to automate eligibility recommendations.
How to easily identify eligibility changes in their homesteads and proactively notify their citizens of homestead removal.
How to identify unclaimed homesteads and encourage enrollment where desired.
How the entire process is integrated into their CAMA infrastructure.
How the future of homestead administration technology is about connecting counties across the country
Leveraging High-Res Imagery + AI Insights to Optimize Property Assessment
No full textThis presentation delves into the strategic utilization of multiple aerial imagery collections by leveraging advancements in remote sensing technologies and data analytics to explore a wide array of applications pertinent to assessors, including property valuation, land use, infrastructure assessment, and environmental monitoring. Assessors will learn how to better attain comprehensive situational awareness, derive actionable insights on properties, and optimize resource allocation strategies with precision thanks to the combination of machine learning and geospatial analysis techniques that amplify the extraction of valuable building and property information from extensive aerial datasets, enabling change analysis, predictive modeling and trend forecasting with unparalleled accuracy
Modeling energy efficiency in the absence of high quality data: An international perspective
No full textExplore the forefront of property assessment with presentations that delve into cutting-edge analytics, technological advancements, and the critical issue of energy efficiency. These sessions offer valuable insights showcasing a comprehensive tool for swift income analytics, emphasizing the need to adapt to technology in a data-centric world, and addressing the challenges of assessing energy efficiency amidst limited high-quality data
Unlocking efficiency and excellence: Augusta, Georgia’s journey to modernize and streamline data collection and appraisal management
No full textMass Appraisal modelers are responsible for developing and using statistical models to analyze and value real property. While it is important to have strong technical skills and an understanding of statistics and real estate appraisal, it is also essential for Mass Appraisal modelers to be able to communicate their work effectively to a variety of audiences. Then learn about Richmond County (best known for hosting the Masters Tournament) and the need for a solution for increasing efficiency, better management of data, and improving data quality. Hear about the high-level implementation of a plan and solution for achieving these objectives
Harnessing geospatial data and price indices in Serbia
No full textThis session showcases the GeoSerbia website and its public information services, illustrating its role in the development of mass valuation models. It also explains the creation and implementation of Serbia\u27s Housing Price Index. Additionally, trends in Data Mining and Valuation Utilizing Spatial Data, which explores cutting-edge data mining methods driven by geospatial data and the spatial relationships to generate characteristic data for mass valuation
Can technology eliminate the need for physical inspections?
No full textWhether we like it or not, the world is changing. Do we still use paper, clipboards, andpencils or is there technology out there that can increase our productivity without sacrificing quality? Are Physical Inspections Obsolete? Is technology better than going into the field? Is it more efficient? What are the Pros and Cons of gathering data in the field versus virtually? We will answer these questions while we take a look at the available technology, Artificial Intelligence, and how they fit into the Appraisal Process
Integrating CAMA and GIS for Parcel Management: Strategies and Tools
No full textIn this presentation, we will demonstrate the seamless integration of GIS and CAMA, offering a comprehensive guide on automating parcel data maintenance and enhancing property assessment workflows. Through the experience of Loudoun County\u27s Real Estate Assessment Office, attendees will gain insights into leveraging GIS to streamline data management tasks, ensuring accuracy and efficiency in parcel lineage history and legal attributes maintenance. By exploring real-world examples and technical aspects of integration, participants will leave equipped to optimize decision-making processes and harness the full potential of GIS data for CAMA parcel creation and maintenance