Accurate property assessments are essential for fair taxation and the strategic development of urban areas. Recognizing the critical need for precise and current property data, the International Association of Assessing Officers (IAAO) introduced the Mass Appraisal of Real Property (MARP) standards, particularly emphasizing Section 3.3.5.
These standards specifically advocate for the adoption of high-resolution imagery technology, presenting it as an effective and practical alternative to traditional on-site inspections. This approach can enhance assessment accuracy while reducing on-site visits. They are established to streamline the assessment process, making it more efficient while maintaining the exact standards of accuracy required for fair taxation and urban management.
Street-Level Imagery in Assessments
Tax and public works departments have relied on accurate property data for over a century to ensure equitable taxation and efficient urban planning. Historically, the challenge has been maintaining current and precise property information, a task made increasingly complex by rapid urban development and changing landscapes.
The introduction of the IAAO’s MARP standards, especially the detailed requirements of Section 3.3.5, represents a pivotal response to these challenges. These standards advocate for the use of advanced image technology to enhance property assessment workflows. They recognize the indispensable role of high-resolution imagery as an efficient substitute for traditional onsite inspections and aim to meet the expanding needs of jurisdictions with precision and adaptability.
Assessments with Digital Imaging Technology
3.3.5 Alternative to Periodic On-site Inspections.
Provided that initial physical inspections are completed in a timely fashion and that an effective system of building permits or other methods of routinely identifying physical changes is in place, assessors may employ a set of digital imaging technology tools to supplement field re-inspections with computer-assisted office review.
To fully comply with the IAAO’s MARP standards and ensure comprehensive property assessments, officials are encouraged to utilize a suite of advanced digital imaging tools. These imaging tools should include the following:
- Current high-resolution street-view images at a sub-inch pixel resolution that enables quality grade and physical condition to be verified.
- Orthophoto images with a minimum 6-inch pixel resolution in urban/suburban and 12-inch resolution in rural areas, updated every 2 years in rapid-growth areas or 6–10 years in slow-growth areas.
- Low-level oblique images capable of measurement verification of four cardinal directions, minimum 6-inch pixel resolution in urban/suburban and 12-inch pixel resolution in rural areas, updated every 2 years in rapid-growth areas or 6–10 years in slow-growth areas.
NCTech’s advanced imagery solutions are designed and constantly updated to align with and exceed these IAAO standards, ensuring assessors have access to the best available technology for property evaluations. Our technology facilitates a more streamlined, efficient, and accurate assessment process by providing property assessors with access to high-quality, up-to-date imagery.
NCTech’s Alignment with IAAO Standards
NCTech’s street-level imagery and LiDAR are engineered to align with the IAAO’s MARP standards. By offering assessors access to our high-resolution, up-to-date street-level, orthophoto, and oblique imagery, we empower them to remotely conduct accurate and efficient property evaluations. This technology streamlines the assessment process and supports the highest levels of accuracy and reliability in property data.
Benefits of Leveraging Street-Level Imagery
Integrating NCTech’s advanced imaging solutions into assessment workflows allows for:
- Improved Valuation Accuracy: Our high-resolution imagery ensures detailed property assessments, surpassing IAAO’s pixel resolution requirements.
- Increased Efficiency and Cost Savings: Reducing the reliance on physical site visits saves time and resources, enabling more frequent and comprehensive assessments.
- A Comprehensive Assessment Toolkit: NCTech offers various imagery viewing options, including VR.World, to cover every assessment need and ensure full compliance with IAAO standards.
Commitment to the Assessment Community
NCTech is dedicated to equipping the property assessment community with advanced tools that foster fair, accurate, and efficient valuations and support a seamless integration into existing workflows. Our technology seamlessly integrates into existing practices, guaranteeing assessors have the most effective solutions at their fingertips.
Conclusion
This forward-thinking approach ensures that professionals are equipped to meet today’s assessment challenges while preparing for future demands, making NCTech the ideal partner in property assessment. By choosing NCTech, assessment professionals are not just complying with current standards but are also embracing the future of property valuation. Our commitment to exceeding the expectations set by the IAAO standards ensures that all assessor offices can benefit from enhanced accuracy and efficiency in their assessment processes.
Actions Today
- Explore Cutting-Edge Imagery Solutions: Delve into the latest, cost-effective street-level imagery and its pivotal role in property assessment.
- Assess Property Value Discrepancies: Utilize up-to-date imagery to efficiently identify and correct undervalued properties without onsite visits.
- Advocate for Technological Integration: Support incorporating advanced imaging technologies in local government taxation systems for enhanced accuracy and fairness.
- Stay Informed: Remain updated with the latest trends and best practices in property valuation and taxation to ensure ongoing compliance and efficiency.
About NCTech
NCTech has built a reputation as being the fastest, most cost-effective, and scalable street-level data provider. As a leader in high-resolution street-level imagery, NCTech collects, analyzes, and delivers high-resolution panoramic imagery and LiDAR to local and county Assessors. Our mission is to elevate stakeholder satisfaction. We achieve this by integrating imagery with premier GIS and CAMA technology platforms and advanced data extraction services.
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NCTech and IAAO Standards for Property Assessment
- Aligned with IAAO Standards: NCTech’s advanced imagery supports the most accurate property evaluations.
- Precision in Property Assessment: Our high-resolution images exceed IAAO requirements for detailed evaluations.
- Action Today: Explore NCTech solutions, identify valuation discrepancies, promote tech integration, and stay ahead with the latest property assessment.
- Leading in Geospatial Services: NCTech is dedicated to improving asset management and property assessments with innovative technology.
- Commitment to Excellence: Choose NCTech for IAAO-aligned imagery, ensuring efficient and reliable property assessments.
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