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Enterprise value to invested capital: The best multiple you\u27ve (n)ever used
No full textMany states exempt intangible personal property (IPP). Often people conflate, combine, and confuse IPP with goodwill when those are distinct concepts. Furthermore, to apply the IPP exemption, many people attempt to estimate IPP and goodwill value using ad hoc solutions. This article proposes a simple and transparent method, the enterprise value to invested capital (EVIC) multiple, to estimate the taxable property’s value. The multiple’s algebraic equivalence, advantages, simplicity, and transparency compared to the discounted cash flow (DCF) method, without “slippery inputs,” is discussed. The model values tangible property according to the law of one price and IPP values are correlated with the firm’s expected profitability. The paper uses publicly available data from the airline, electric, gas distribution, pipeline, railroad, telecom, and wireless industries are used as examples to demonstrate valuation accuracy and consistency across companies for tangible property values and excluding IPP values. The model is most useful for utility sectors and industrial properties that have a combination of real, personal, and intangible personal property where tangible assets are a key value driver
Modern parcel management: What you need to know
No full textMost Esri software users are by now somewhere in the process to migrate their regular editing activities from ArcGIS Desktop (ArcMap) to ArcGIS Pro. For Land Records technicians, this is an important transition and must be approached carefully to ensure success. Editing Land Records data is typically more complex than most other types of GIS data in that it frequently involves managing line and polygon data and can also include point data and annotation features. In the past, Land Records data managed with Esri software has been maintained using a ‘Topology’ model or the Parcel Fabric model. With ArcGIS Pro, editing with the ‘Topology’ model is still available, but the workflow differs somewhat due to the different look and feel of ArcGIS Pro as well as the availability of some different tools. The Parcel Fabric model has changed somewhat with ArcGIS Pro, with improvements across the board. While the general approach is similar, many of the details of the workflow have changed for the better and there’s a necessary transition from the ArcMap-based model to the ArcGIS Pro one. Feature service-based editing is available with either data model provided that ArcGIS Enterprise and branch versioned geodatabases are used. This discussion will discuss transitioning to parcel mapping in ArcGIS Pro using either data model, exploring relative details and demonstrating some of the techniques involved
Street level imagery / data collection: Smart city enterprise deployment
No full textThis session explores a practical approach to data collection and smart city applications to highlight how modern, GIS-enabled technologies support operational efficiencies across multiple departments. New advancements in software, street level imagery, LiDAR, and artificial intelligence support the rapid creation of accessible digitized environments that improve digital workflows, telework functionality, and public visibility. This session highlights recent and successful efforts by City of Las Vegas to execute a city-wide data collection project. From defining challenges and navigating the budgeting and buy-in process, to implementing solutions and the impact on staff, hear from the consultant and agency manager on how such initiatives improve City operations
Leveraging AI to Boost Appraiser Efficiency
No full textFaced with staffing shortages, an aging workforce, and a growing volume of appeals - counties nationwide need assessors, with any degree of experience, to produce fair, equitable, and defensible appraisals faster than ever before. In response, C3 AI has developed a first-of-its-kind AI-powered Property Appraisal Application - proven to reduce time-to-appraise Residential and Commercial real estate without compromising accuracy. Come join the C3 AI team to learn how state-of-the-art AI has been applied to automate key appraisal workflows such as - computer vision to classify building conditions, ML clustering to identify comparable properties, and best in class interpretability frameworks to generate defensible evidence packages for appeals
No Sales, No Problem
No full textInstruct assessors with real-world data how to value properties in areas with limited sales data using trending techniques
Using New GIS Tools for Non-GIS Users
No full textThere has been a lot going on with GIS – new field applications, machine learning, artificial intelligence, imagery processing, growing online content and whole lot more. Assessors can take advantage of the same technology and find new insights in their data. This session will show new GIS technologies that use graphs, charts, statistics and dashboards to locate outliers and find new information buried in your data
Environmental Equity - Mass Appraisal Using GIS
No full textEnvironmental Equity using GIS for Mass Appraisal is a class that will examine the principles and applications of Geographic Information Systems (GIS) technologies in the context of environmental equity for assessments and appeals. Students will learn the theory and application of GIS across a variety of disciplines and will apply that knowledge to the Appraisal processes of assessing and equalizing values of properties for taxation purposes. Students will explore how GIS can be used to take into account factors such as natural landscapes, existing infrastructure, and ecological values to produce equitable assessments of land use rights. Practical applications of GIS tools, as well as visual mappings and analysis techniques, will be addressed in order to develop a comprehensive understanding of GIS-based massed assessment
Keep \u27Em with Culture
No full textIn this session, we will discuss the current labor market and how it is affecting hiring and retention in our industry. We will also discuss generational differences as well as management styles that will have the most positive impact for your offices. This session will also provide some creative ideas with little to no cost to promote a more positive office culture
Understanding and Navigating the Current Cyber Threat Landscape
No full textMike takes an often dull, complicated subject and creates a fun, dynamic, and easily digestible presentation, one where audience members feel engaged and empowered. Mike instills the importance of cyber management in a non-threatening, simplistic, intimidation-free manner, encouraging people to take better control of their cyber security health
Basic Principles of Data Science for Assessors and Managers
No full textTax assessors face unique challenges each day. Is the data in the system accurate? How can they prove that to a taxpayer? How can they better leverage their multiple data sources to create transparent, accurate property tax records? In this session, learn how best to utilize data to create intelligent reports, answer taxpayers, and improve staff efficiency