B.C Assessment Explores Geospatial 3D Modelling for Property Assessment
B.C. Assessment has signed an agreement with Esri Canada, a provider of enterprise geographic information system (GIS) technology, to pilot the company’s prototype of Assessment Analyst 3D, which it says is the world’s first geospatial 3D assessment analysis solution. This technology allows appraisers to conduct detailed valuations of condominiums, commercial buildings and individual units using 3D geoprocessing and analytics from their desktop.
When determining assessed values, B.C. Assessment appraisers analyze timely real estate sales transactions to find comparable properties. In addition, they consider a property’s unique characteristics such as location, age, condition, size and view. Having a current inventory base is vital to the process, says the corporation.
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