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28: Matt Woolford - Data Standardization and Assessment Practices in Michigan
In this episode, we're joined by Matt Woolford, Equalization Director at the Allegan County Government in Michigan. We talk about data standardization and assessment practices in Michigan, “Zillowification”, and new trends in the assessment field.
We cover:
Introduction to Assessment Matters podcast 00:00
Matt’s background and big ideas 00:23
Matt’s experience in government, equalization and assessment
Allegan County: a growing agricultural community
Proposition A (1995) in Michigan 2:53
Standardizing data in CAMA systems across Michigan county governments 5:15
“Zillow Talk” and Zestimates: how AI and other data-driven innovations are changing the industry
Ensuring methods of data collection and analysis are authoritative and credible
State has recommended standards — needs more adoption
Valuation methodology in Michigan 8:31
Establishing “true cash value”
Cost, income (best-use), and sales-comparison approaches all used
Cost approach challenges: lack of comprehensive data
Land valuation: vacant land sales vs abstraction methods
Michigan’s requirements and metrics for equalization assessment 12:41
COD and PRD, vertical and horizontal equity
State audit process once every 5 years
Equity becoming more important in the future with growing geospatial and statistical proficiency among assessors
Advice for newcomers 15:36
Understand the importance of good data
Be aware of emerging technologies
Better data, better models, better skills in the age of “Zillowification”
How to reach Matt 17:27
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By Will Jarvis
5
33 ratings
In this episode, we're joined by Matt Woolford, Equalization Director at the Allegan County Government in Michigan. We talk about data standardization and assessment practices in Michigan, “Zillowification”, and new trends in the assessment field.
We cover:
Introduction to Assessment Matters podcast 00:00
Matt’s background and big ideas 00:23
Matt’s experience in government, equalization and assessment
Allegan County: a growing agricultural community
Proposition A (1995) in Michigan 2:53
Standardizing data in CAMA systems across Michigan county governments 5:15
“Zillow Talk” and Zestimates: how AI and other data-driven innovations are changing the industry
Ensuring methods of data collection and analysis are authoritative and credible
State has recommended standards — needs more adoption
Valuation methodology in Michigan 8:31
Establishing “true cash value”
Cost, income (best-use), and sales-comparison approaches all used
Cost approach challenges: lack of comprehensive data
Land valuation: vacant land sales vs abstraction methods
Michigan’s requirements and metrics for equalization assessment 12:41
COD and PRD, vertical and horizontal equity
State audit process once every 5 years
Equity becoming more important in the future with growing geospatial and statistical proficiency among assessors
Advice for newcomers 15:36
Understand the importance of good data
Be aware of emerging technologies
Better data, better models, better skills in the age of “Zillowification”
How to reach Matt 17:27