Speaker Website

https://www.cookcountyassessor.com/

Presentation Category

04 APPRAISING PROPERTY

General Session Description

To revalue Chicago in 2024, the Cook County Assessor’s Office created new property characteristics, developed statistical techniques to identify outlier sales, tested linear and nonlinear AVM methods, and developed a novel “sales comps” algorithm. We’ll share the surprising results of what mattered most – and least – for assessment equity and transparency.

Audience Expertise

General Interest (Appropriate for all experience level)

Location

Room 205

Start Date

8-28-2024 8:00 AM

End Date

8-28-2024 9:00 AM

Moderator

Shannon Lane, Cleveland County, Oklahoma

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Aug 28th, 8:00 AM Aug 28th, 9:00 AM

Measuring Impact: New Statistical Methods for Assessment Accuracy and Transparency

Room 205

To revalue Chicago in 2024, the Cook County Assessor’s Office created new property characteristics, developed statistical techniques to identify outlier sales, tested linear and nonlinear AVM methods, and developed a novel “sales comps” algorithm. We’ll share the surprising results of what mattered most – and least – for assessment equity and transparency.