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Customized model explainability approaches for machine learning
No full textThese sessions dive into the application of artificial intelligence (AI) in property valuation. The first presentation introduces a method to measure market representation using AI, addressing its importance and simplification. The second session focuses on AI-driven explainability in models, emphasizing transparency and customization for ethical considerations. The final presentation explores AI\u27s role in improving the comparable sales approach, offering theoretical insights and practical applications for advanced audiences
Sales figures: Are we adjusting the sales reviews and data collection to accommodate changing environments?
No full textEvery valuer reviews sales figures to ensure valid and appropriate sales are used when assessing the valuation of a residential property - and does this very carefully to ensure only valid sales are used and that these cannot be disputed. However, there are changing environments that affect the market conditions of a property and these could even change from one year to the next. Are we staying on top of unique challenges that are driving prices in certain directions and ensuring the correct sales are used for the resultant assessments? Do we have the necessary data at hand to ensure only applicable sales are identified? This presentation will challenge valuers to be aware of the changing environment and to consider items that may make minor adjustments to valuations at this time, yet could have a significant impact in the future. Further, the record should show, for a disputed valuation, why certain sales were included or excluded in the process of re-assessing a property value to serve as a record in case the matter goes to court later
Appraisal review – Methodology and implementation
No full textAppraisal Review encompasses appraisal report review methodology for Assessors and Appraisers, and includes competency review for USPAP compliance. It uses current review methodology to create logical compositions of appraisal analysis. Analyses development and support, along with the USPAP Standard of Care, elevates the professional in providing courts and commissions with understandable, compliant and professional reviews
Every Mistake Begins with Bad Data: How Data Governance Leads to Fewer Fires and Proactive Leadership (Thought Leader Session)
No full textData Governance is required for high performing leaders and organizations. It is a set of rules, practices, and beliefs - in short, a culture - that produces high quality data. Having high quality data means being able to produce reliable actionable intelligence. It allows leaders to push the right answers down the chain of command, and the correct information up to allow leaders to be confident in setting the course of the organization. Every good decision comes from a leader that has the right information. Therefore, every bad decision, every mistake, originates from bad data. This session will help train you on the principles and methods of Data Governance, and the practical approaches to implement them in your organization. It will provide the concepts and theory, but also the pragmatic real world examples of how to implement successful Data Governance on an everyday basis.
(Thought Leader Session. Not eligible for CEUs.
Homestead Exemptions and Principal Residence Tax Relief: Issues & Strategies
No full textDiscussion of issues related to ad valorem residential property tax relief conditioned on principal or primary residence highlighting different approaches and solutions, including Linebarger\u27s Homestead Exemption Analysis program
Modernize and Streamline Field Data Collection and Workflow Processes
No full textMobileAssessor built on the CAMACloud platform streamlines field data collection by providing a keyless field data entry solution to replace paper and manual data entry processes, resulting in a more efficient, accurate, and timely data collection process. The MobileAssessor application begins with an automated, real-time approach to managing, reviewing, and completing work assignments in the most efficient manner on the market today. The solution is specifically designed for fieldwork optimization, which results in substantial increases in productivity year after year
What\u27s New in GIS for Assessors
No full textCome learn the latest GIS capabilities for streamlining the assessor’s office. Topics include GIS for parcel management, CAMA integration to AI, machine learning, enhanced field workflows, value analysis, and equitable and transparent property valuation. There is something for everyone
How Chatham County, GA is Enhancing Appraisal Operations with Mobile Technology
No full textIn 2021, Chatham County sought a mobile solution to enhance the efficiency of appraisal operations. They successfully realized their goals by implementing a mobile solution seamlessly integrated with their existing CAMA system. Chatham County will share their journey and how mobile technology has helped increase appraisal capacity and data integrity
Assessing the Third Dimension: New York City’s Journey to 3D Cadastre
No full textBy leveraging GIS, New York City developed a state-of-the-art three-dimensional tax map and a one-stop shop portal for property owners. Property owners can verify their building and land data for accuracy, view and challenge their assessments and exemptions, view their sales, mortgages and recordings, and trace the history of lot changes to their parcel. The three-dimensional perspective lets assessors walk around buildings and see interior floor plans. The 3D feature enables the potential development of 3D variables, such as views, for valuation. The 3D visualization is particularly important for air lots as it shows the potential for development. We will discuss the challenges in building a 3D cadastre, such as data collection, public and city leadership support, and integration with other city agencies, along with advances in technology that made it all possible
Outlier Screening: Principles, Methods, Issues, and Recommendations
No full textThe session discusses objectives and principles of outlier trimming and evaluates commonly used techniques, including hard-coded cut points, standard deviations, graphical analysis, and the inter-quartile range (IQR). It concludes with recommendations dependent on the purpose of the analysis and the proper role of appraisal judgment in the process