A review of the methods, applications, and challenges of adopting artificial intelligence in the property assessment office

Authors

IAAO Artificial Intelligence Task Force, International Association of Assessing Officers

Abstract

This white paper delivers an introduction and overview of AI through case and pilot studies and review of relevant analytic methods while touching on possible organizational impacts. The paper looks at the changing role of valuers and assessment administrators and the evolution of valuation offices where AI will be used to improve operations, value estimates, and administration. It provides illustrative examples of AI use in the conduct of tax assessment, including the administrative aspects not directly involved in valuation.

Keywords

Artificial intelligence; Valuation approaches; Machine learning

Recommended Citation

IAAO Artificial Intelligence Task Force (2022). A review of the methods, applications, and challenges of adopting artificial intelligence in the property assessment office. Journal of Property Tax Assessment & Administration, 19(1). Retrieved from https://researchexchange.iaao.org/jptaa/vol19/iss1/2