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This proposal outlines the challenges and solutions for modernizing mass appraisal processes. It focuses on secure data storage and the facilitation of traditional appraisals while providing a mechanism for conducting internal appraisal audits. We aim to generate tools to manage large appraisal volumes efficiently, utilize distance training features, and incorporate simple input methods. Additionally, we emphasize the integration with GIS systems to streamline property evaluations. Improving data collection, analysis, model building, and testing processes is essential for optimizing property valuation outcomes.
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Challenge • Secure data storage • Facilitate traditional appraisals • Provide a mechanism for internal appraisal audits • Generate a tool for dealing with large volumes of appraisals • Utilize distance training features • Incorporate simple input • Interface with GIS
Mass Appraisal ALREC, LLC
Mass Appraisaldetermine value of many properties Traditional Appraisaldetermine value of one property ALREC, LLC
Mass Appraisal Define Problem Collect Data Analyze Data Build Model Test Model ALREC, LLC
Appraiser Worksheet – gather information of Property to be valued SF of Improvement: 4,444 Number of Floors: 2 SF of Lot: 20,099 # of Bath Fixtures: 14 Pool area in SF: 400 Garage Area in SF: 573 Garage attached: Yes or a carport: Sale of Building: Jan 2009 Located in which District: 1 Quality Grade: 5 Traffic: No Cul de sac: No Gated: No Golf Course: No ALREC, LLC
392,337 399,900 ALREC, LLC
Appraiser Worksheet – gather information of Property to be valued SF of Improvement: 2,111 Number of Floors: 1 SF of Lot: 9,962 # of Bath Fixtures: 8 Pool area in SF: 0 Garage Area in SF: 370 Garage attached: Yes or a carport: Sale of Building: Mar 2009 Located in which District: 1 Quality Grade: 4 Traffic: No Cul de sac: No Gated: No Golf Course: No ALREC, LLC
186,098 180,400 ALREC, LLC