A recent CBS News Headline: “Unpaid $8.41 property tax bill cost Michigan man his house”. It went to foreclosure and was auctioned off to a buyer for $24,500 even though the house was purchased originally for $60,000. This could apply to anyone under Michigan’s 1999 property tax law for similar amounts. The 83 year old […]
Monthly Archives: November 2019
What about having an AI Property Tax Machine in charge? Benjamin Franklin once said: “Nothing can be said to be certain, except death and taxes.” Interestingly, Wake County, North Carolina has embraced artificial intelligence and machine learning algorithms to reinvent the property valuation process. Properties need to be assessed fairly so owners are paying their […]