IAAO Research Exchange
Not a member yet
2229 research outputs found
Sort by
Michigan\u27s Assessment Administration Audit Reform
No full textFor years, Michigan’s State Tax Commission used audits that were not statutorily defined. In 2018 legislation was passed that required greater transparency for both the local unit audits as well as local assessors’ accessibility to taxpayers. Learn why this legislation became necessary and what it has accomplished in Michigan
The Bath School Disaster and the Link to Property Taxes
No full textDid you know the massacre at Bath School in 1927 had direct links to Property Taxes? This motivational presentation will explore that link as well as recognize the current role of the property assessor during political turmoil and inspire assessors to do their job when faced with public hostility
Recent Trends: Hotel, Industrial, and Multi-family Properties
No full textJoin us for an in-depth presentation as we look at the strength of the hotel sector, navigate the continued industrial boom, and uncover the resilience of the multi-family sector. Explore the key drivers and opportunities shaping these sectors, providing you with strategic insights for successful investments and market navigation
Property Assessment in the Wake of Natural Disasters
No full textThis presentation will provide insight to assist assessing agencies in dealing with the impact of natural disasters on assessed values, including identifying best practices pertaining to the valuation of properties in areas affected by a natural as well as identify recommended methodologies to employ in line with standard appraisal practice
How homestead exemptions can counteract regressivity in property tax assessments
No full textEvidence presented in several recent academic studies using national datasets indicates widespread regressivity in property tax assessments. This can be due to statutory limits on assessment levels or a failure to reassess properties regularly. However, a review of assessments in Boston, Massachusetts demonstrates that regressivity may be an issue even when sound assessment practices are applied. Technological advances in mass appraisal tools and improving the data used in the valuation process may reduce or eliminate regressivity in assessments. However, implementing these measures may be both time consuming and costly, and some of the technology may be beyond the reach of smaller assessment jurisdictions. Homestead exemptions are a common property tax relief tool that reduces the assessment of taxpayers who own and occupy their property. Homestead exemptions when formulated as a flat dollar amount provide more proportional relief to lower value homes. This feature can be a tool to redress the impacts of regressive assessments and make property tax incidence more equitable
Putting the AI in apprAIsal: Implementing AI tools in your legal and assessment practice
No full textLearn how the Assessor’s Office implemented a “GPT Chatbot” (Assessor’s Community Educator; A.C.E.) to answer public questions and assist appraisal staff with legal research and cross reference statutes and case law. A.C.E. is also assists appraisal staff with responses to property owner protests or appeals of initial assessments of their properties to the administrative agency. Additionally, the Office leveraged an AI-empowered property appraisal solution, which unifies all structured and unstructured data across internal and external sources and supports all legally compliant valuation methodologies including income capitalization, sales comparisons, and cost-based valuation across all commercial properties. A.C.E. is a is a natural language processing and machine learning tool with a large language model database. The database has been confined to the New Mexico Property Tax Code, regulations, case law, relevant attorney general opinions, IAAO standards, and internal policies and procedures. A.C.E. can: answer calls, emails and online chats; research and find relevant case law, statutes, and regulations quickly and efficiently; ensure regulatory compliance verify eligibility requirements for all tax savings programs; and provide website navigation and applications forms to complete the inquired task (documents, applications and forms are imported directly). Discussion includes, procurement, cyber security concerns, legal disclosures, and much more
Affordable housing special assessment program: Incentives to develop and preserve affordable housing
No full textCommunity Investment Corporation CEO Stacie Young and Director of Multifamily Development John McDonnell will demonstrate how assessment incentives like the Affordable Housing Special Assessment Program (AHSAP) aid the preservation and development of affordable housing units. The panel will discuss how the AHSAP was collaboratively developed by the Cook County Assessor’s Office, state legislators, and advocates from the affordable housing community. The panel will address the challenges the Cook County Assessor’s Office experienced of implementing a new incentive from scratch, and the subsequent successful implementation of the AHSAP incentive. Finally, the panel will address the importance of working collaboratively with affordable housing advocates, housing lenders, and housing providers to coordinate an effective communication strategy to promote such programs
Audit Aware and Taxscribe Solutions Demo
No full textAudit Aware is a collection of tools to manage the audit, discovery, and compliance of business taxes, exemptions, and more. Taxscribe is a data management solution for all business taxes and communication with the public
Revolutionizing Mass Appraisal with Analytics
No full textEvent Overview
Join us for an exciting and informative demo that casts a visionary look at the future of mass appraisal through the lens of Artificial Intelligence (AI) and other emerging technologies. Designed specifically for tax assessors, this session will focus on our cutting-edge analytics product and innovative sales ratio tool, tailored to save time and enhance the accuracy of your assessments.
Agenda Introduction to AI in Mass Appraisal Understanding the evolving landscape of property appraisal The role of AI in transforming traditional methods Product Demonstration: Analytics Overview of our Arist Analytics product Key features designed to streamline your workflow Real-world examples of improved assessment accuracy and efficiency Sales Ratio Tool: Precision at Your Fingertips Introduction to our sales ratio tool Step-by-step demonstration of how it works Benefits of integrating this tool into your appraisal process Case Studies and Success Stories Hear from tax assessors who have successfully implemented our tools Impact on time savings and assessment quality Q&A Session Get your questions answered by our experts Interactive discussion on the potential of AI in mass appraisa
How Can I Enhance My Appraisal Intelligence with Artificial Intelligence? (Thought Leader Session)
No full textThis seminar introduces the concepts and practices of AI valuation, AI Image Judgement and AI Data Collection. The concepts and topics of AVM, ML, GenAI, and Big Data are presented. Participants will learn the distinction between traditional CAMA modeling and AI valuation. The principles of data mining, machine learning, artificial neural networks and deep learning will be discussed. Questions will be raised about the validity of current CAMA variables we currently use to determine value. A recent case study will be presented comparing traditional data collection, valuation review and valuation modeling versus AI Technology. Performance statistics of traditional approaches versus AI technology will be presented. In a classroom game participants will be able to pit their grade and condition judgement ratings against the prowess of AI image detection technology. In the end, suggestive conclusions will be drawn about the effectiveness and drawbacks of AI.
(Thought Leader Session. Not eligible for CEUs.