Assessment Matters by Valuebase.ai

Will Jarvis
  • 5,0 (3)
  • ТЕХНОЛОГИИ
  • ЕЖЕНЕДЕЛЬНО

Assessment Matters presented by Valuebase is a weekly show that delves into the world of real estate valuation and property assessment. Our expert guests share their insights on the latest trends and techniques in the field, and offer practical advice for professionals in the industry. Whether you're a seasoned appraiser or new to the field, you'll find valuable information and inspiration. From understanding mass appraisal methodologies to staying up-to-date on the latest technology, our podcast is a must-listen for anyone interested in the world of real estate valuation.

  1. -2 ДН.

    56: Luc Hermans - Changes in the New Ratio Study Standard

    ATTENTION: The New Ratio Study Standard Draft That’s About to Change Property Tax We’ve got a new ratio study standard coming. Meet Luc Hermans – the data scientist from the Netherlands who’s been working to improve ratio study standards. This isn’t just academic research. Luc sits on the Netherlands Council of Real Estate Valuation AND is spearheading cutting-edge research at Ulster University. When he speaks, forward-thinking assessors pay attention. Here's what you'll discover in this essential episode: • Why the traditional PRD and PRB measures have significant limitations (and the new Vertical Equity Index that addresses them) • The "regression to the mean" challenge that affects accuracy in high-end and low-end assessments • How to identify vertical equity issues BEFORE they become costly problems • The proven approach of "independent value estimates" that leading assessment offices are adopting This is your opportunity to understand these changes before they become industry standard – and while you can still provide input on the final version. Your next step is clear: Listen to Episode 56 TODAY. Get the insights you need while there's still time to stay ahead of these important industry developments. Because when these new standards roll out, you'll want to be prepared, not playing catch-up. We cover: Introduction and Guest Background 0:01 Importance of Ratio Study Standards 1:47 Changes in the New Ratio Study Standard 5:28 Mechanics of the Vertical Equity Index (VEI) 11:25 Challenges and Importance of Vertical Equity 21:09 Market Value Proxy and Independent Value Estimates 22:15 Public Review and Future of the Standard 29:30 Conclusion and Contact Information 31:37

    33 мин.

  2. 16 ОКТ.

    55: Valpal Lite: Free AI Revolutionizing Property Valuation

    In this conversation, Ken Lane discusses his background in AI and software development, particularly focusing on the launch of Valpal Lite, a new tool designed to assist property tax assessors. The discussion covers the evolution of AI in software, the capabilities and limitations of AI tools, and the importance of context in their application. Ken emphasizes the supportive role of AI in the industry and highlights the features of Valpal Lite, which aims to enhance efficiency in property tax assessment.takeaways Ken Lane has a rich background in AI and software development.Valpal Lite is a free tool aimed at property tax assessors.AI tools can significantly enhance productivity in appraisal work.The importance of context in AI applications cannot be overstated.AI is not a replacement for humans but a supplement to their work.Validation of AI outputs is crucial to ensure accuracy.Valpal Lite includes features like AI chat and comp finder tools.The tool aims to support assessors and improve industry practices.AI can help address the shortage of appraisers in the field.Valpal is designed to be a friendly and helpful assistant."We built a power tool for that.""Always validate the outputs.""Valpal is your valuation pal."Sound BitesChapters00:00Introduction to Ken Lane and Valpal02:59The Evolution of AI in Software Development06:02Valpal Lite: A New Tool for Property Tax Assessment08:53Understanding AI Capabilities and Limitations12:01The Importance of Context in AI Applications14:57Features of Valpal Lite and Future Developments

    20 мин.

  3. 13 ОКТ.

    54: Peadar Davis - Competence Crisis and Technological Advancements

    In this episode, Peadar Davis, a geographer and chartered surveyor, discusses the pros and cons of point value systems versus banded systems in property taxation. He emphasizes the importance of strong administrative capabilities and modern technology in developing countries to implement effective property tax systems. Davis highlighted the need for clear communication and enforcement to build public trust and ensure revenue collection. He also noted the challenges of aging expertise and the role of data science in bridging the gap. Davis suggested resources like the Lincoln Institute and the World Bank for further learning on property tax policies. We cover: Introduction and Background of Peadar Davis 0:01 Point Value System vs. Banded System 4:14 Challenges in Developing Countries 14:02 Competence Crisis and Technological Advancements 14:57 Policy Guidance for Property Taxes 18:37 Infrastructure and Property Taxes 24:05 Enforcement and Communication 31:07 Resources and Recommendations 35:11 Conclusion and Final Thoughts 36:53

    38 мин.

  4. 3 ОКТ.

    53: Will Jarvis - Understanding AI and LLMs (IAAO Presentation)

    The podcast explores the world of mass appraisal, offering insights and expert perspectives on the latest trends and developments in the field. Will Jarvis discusses the role of AI-powered automated valuation models in transforming property assessments. The episode delves into the benefits and challenges of large language models (LLMs), highlighting their potential to enhance efficiency in knowledge work. Will emphasizes the importance of prompt engineering and the need for context when interacting with LLMs. The episode also introduces ValPal, a tool developed by ValueBase to assist in property assessments using AI.

    16 мин.

  5. 9 ИЮЛ.

    52: Bobby Upchurch - Handling Upset Taxpayers

    In this episode, Bobby Upchurch, with 22 years of experience as PVA of Wayne County, discusses the county's real estate market, driven by lake properties and attracting buyers from various states. He highlights the challenges of rising real estate values and the impact of social media on public behavior. Bobby explains the property tax system, including assessments, appeals, and tax bill issuance. He notes the increase in median sale prices from $60,000 to $130,000 over five years and advises new PVAs to stay positive amid market fluctuations. We cover: Introduction and Background (0:01)Bobby's Journey to Becoming PVA (2:29)Challenges and Changes in the Role (4:40)Real Estate Market and Property Tax System (6:20)Handling Upset Taxpayers and Property Assessments (10:59)Advice for New PVAs and Reflections on the Job (12:45)Final Thoughts and Encouragement (17:54)‍

    19 мин.

  6. 18 ФЕВР.

    51: Ron Dean - Valuation Methodologies and Market Data

    In this episode, Ron Dean, Muscogee County Assessor, discusses his role and responsibilities, including overseeing the valuation of 49,000 real properties and all business personal property in a county of 69,000 residents. His team of 14 conducts visual inspections every four years on 13,000 parcels annually, with additional inspections for changes or deed transfers. They aim to reflect market values by February and mail notices to property owners. Dean emphasizes the importance of accurate valuation methods, such as sales data for residential properties and cost approaches for commercial properties. He also highlights the challenges of business personal property reporting and the benefits of early tax statement mailing, which Muscogee County has achieved for the past six years. We cover: Introduction and Background (0:01)Current Challenges and Opportunities (1:20)Field Work and Team Dynamics (5:41)Valuation Methodologies and Market Data (9:00)Business Personal Property and Legislative Changes (12:30)Energy and Mineral Extraction (15:33)Coordination and Budget Processes (19:53)New Technology and Public Engagement (23:30)Support from County Commissioners (27:00)Advice for New Assessors (29:39)Leadership and Association Involvement (31:34)Final Thoughts and Future Goals (35:14)

    39 мин.

  7. 11 ФЕВР.

    50: Joe McClour - Transition to Digital Mapping

    In this episode, Joe McClour, the assessor of Atoka County since 2018, discusses his transition from GIS mapping to the assessor's office, highlighting challenges like retraining a new staff and adapting to software changes. He emphasizes the importance of hiring smart, team-oriented individuals and the necessity of careful hiring to minimize retraining and firing. McClour detailed the evolution of digital mapping in his office, noting a significant increase in public demand for accessible property data. He also addressed the impact of new developments, such as a $35 million crypto mining facility, on local tax rolls. Additionally, McClour expressed a passion for helping disabled veterans and the need for more affordable housing. We cover: Introduction and Background of Joe McClour (0:02)Hiring and Training Challenges (2:27)Transition to Digital Mapping (4:30)Role of the Oklahoma Assessors Association (10:20)Public Perception and Veteran Exemptions (14:54)Impact of Crypto Mining and Market Trends (15:45)Election Experience and Public Notices (17:27)Affordable Housing and Market Dynamics (23:37)Final Thoughts and Future Plans (28:44)

    29 мин.

  8. 4 ФЕВР.

    49: Mike Twitty - Impact of Legislation on Property Values

    In this episode, Mike Twitty, a former commercial appraiser, discusses his transition to becoming a Property Appraiser in Florida, emphasizing the importance of leveraging technology for efficiency. His county, the second smallest in land mass but sixth in population density, faces unique challenges, including high property density and diverse development. Twitty highlights the impact of new condominium inspection laws and the need for transparency in flood insurance policies. He also addresses the challenges of recruiting and retaining staff post-COVID, noting a 6% turnover rate after salary adjustments. Twitty advocates for appraisers to consider public office for broader community impact. We cover: Introduction and Background of Mike Twitty 0:01 Transition to Public Sector and Technology Integration 2:16 Unique Features of Mike's County 3:40 Challenges and Efficiencies in Managing Multiple Offices 6:11 Recruiting and Retention Challenges Post-COVID 7:41 Impact of Legislation on Property Values 10:58 Flood Insurance and Policy Changes 16:09 Affordability and Housing Market Dynamics 22:41 Transition to Public Office and Campaign Experience 26:26 Advice for Fee Appraisers Considering Public Office 30:54

    36 мин.
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Assessment Matters presented by Valuebase is a weekly show that delves into the world of real estate valuation and property assessment. Our expert guests share their insights on the latest trends and techniques in the field, and offer practical advice for professionals in the industry. Whether you're a seasoned appraiser or new to the field, you'll find valuable information and inspiration. From understanding mass appraisal methodologies to staying up-to-date on the latest technology, our podcast is a must-listen for anyone interested in the world of real estate valuation.

Информация

  • Автор
    Will Jarvis
  • Годы выхода
    2023 - 2025
  • Выпуски
    56
  • Ограничения
    Без ненормативной лексики
  • Авторские права
    © Will Jarvis
  • Сайт подкаста
    Assessment Matters by Valuebase.ai

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