Modernize property assessment with GeoAI
Sep 2024
With GeoAI, government agencies can unlock data-driven decision-making, optimize resource management, and build sustainable communities.
Sep 2024
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In government operations and urban planning, accurate assessment of properties plays a critical role in decision-making, infrastructure development, and efficient resource usage. Leveraging geospatial artificial intelligence (GeoAI) technology in collaboration with location intelligence — a fusion of aerial imagery, 3D models, and AI — allows government agencies to enhance their property assessment processes and achieve greater precision, improved transparency, and cost-effective governance.
What is GeoAI?
Geospatial artificial intelligence combines AI with location data to amplify how we understand the livable world and solve spatial problems. This includes development opportunities, sustainability issues, areas to improve resiliency, and more. GeoAI enables government entities to modernize their operations by automating data generation, such as the extraction, classification, and detection of insights found in aerial imagery and point clouds. GeoAI can also build more accurate models — which help identify patterns, calculate change, and predict outcomes using spatial algorithms.
GeoAI greatly improves how quickly federal, state, and local governments can uncover spatial insights and turn them into actionable answers. It does this by monitoring and analyzing location data to deliver a real-world understanding that facilitates smarter decision-making. Because its capable of automatically adapting to new data, models built using GeoAI can keep up with rapidly evolving communities, enhancing operational efficiencies — and reducing costs.
GeoAI is used across government entities to overcome time and resource limitations. This includes property assessors who are finding it near impossible to keep up with new taxable activity, property evaluations, regulatory compliance checks, and everything else on their to-do list.
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GeoAI for property assessment
The combined power of GeoAI and location intelligence makes it possible to inspect residential, commercial, and industrial areas from all angles — without having to go onsite. Aerial imagery allows property assessors to compare and contrast current and historical captures to detect newly built or removed structures, track construction progress, and see if any permit violations exist. And AI enables change detection at scale using datasets for automated object identification.
The applications of GeoAI for property assessment are many, including:
- Parcel mapping and land registry: Automate generation of parcel boundaries, land titles, and cadastral maps using AI algorithms for improved land administration and property rights management.
- Tax assessment and revenue generation: Use AI-based property valuation models to enhance tax assessment accuracy, optimize revenue collection, and ensure fair taxation practices.
- Urban planning and infrastructure development: Analyze geospatial data to identify suitable locations for infrastructure projects, evaluate property values, and plan urban development initiatives based on AI insights.
- Environment and zoning compliance: Monitor land use changes, environmental regulations, and zoning compliance through aerial imagery analysis to confirm sustainable development and regulatory compliance.
Location intelligence for property assessment
Our location intelligence combines high-resolution aerial imagery, 3D modeling, and AI predictions. This synthesis of insights offers government agencies a comprehensive suite of tools and services to facilitate property assessment.
- Aerial imagery: Imagery is refreshed up to 3x per year in leading 5.6 cm GSD for detailed property inspections, accurate visualization of land features, and near real-time monitoring of land use changes.
- AI-derived analytics: Find fast insights with over 130 AI detections revealing property features. Leverage advanced AI algorithms for property valuation, land cover classification, change detection, and spatial analysis to enhance decision-making capabilities.
- Near real-time updates: Access regular updates of geospatial data and imagery to track property changes, monitor developments, and respond to dynamic environmental conditions.
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“I wish I had the time to go into the Nearmap image library every single day. Each time I go on to view a property, I spot taxable properties right and left. Every single time I'm on there, I'm able to capture assessed value which equates to growth; it's money we can collect in the next year. And I do it all from my desktop, because I don't have enough bodies to go outside.”
Trisha Favulli, Director of Assessing, Town of FalmouthLooking ahead, the integration of GeoAI technology with location intelligence is poised to drive significant advancements in government property assessment practices, including:
- Smart city initiativesSupport smart city projects with AI-powered analytics for efficient resource allocation, sustainable urban planning, and citizen-centric services.
- Digital twins and virtual planningCreate digital representations of physical properties, infrastructure assets, and urban environments to simulate scenarios, optimize planning, and drive informed decision-making.
- Community engagement and transparencyEnhance public participation in property assessment processes — promoting transparency and fostering community trust through accessible geospatial information.
Using GeoAI for smarter governance
Government organizations are modernizing how they work by turning data into actions with GeoAI. This powerful tool enables proactivity by addressing opportunities and tackling challenges before they become a problem. The integration of GeoAI technology for property assessment in government projects — with the support of location intelligence — offers a transformative approach to governance, urban planning, and public service delivery.
By harnessing the power of GeoAI, government agencies can unlock new opportunities for data-driven decision-making, optimize resource management, and build sustainable communities that thrive in a rapidly evolving world.
Want to experience GeoAI for yourself? Schedule a demo of Nearmap GeoAI today.