WAKE COUNTY USING MACHINE LEARNING FOR PROPERTY APPRAISAL

Wake County in North Carolina has implemented machine learning to improve the property value assessment process, something extremely important for tax purposes. The new assessments will be effective in 2020 and will be the result of a new process that intends to get more objective, timely, accurate, thoughtful, and equitable property valuations that provide more confidence to both the County and the taxpayers.