Fine-Grained Property Value Assessment using Probabilistic Disaggregation

• URL: http://arxiv.org/abs/2306.00246v1
• Date: Wed, 31 May 2023 23:40:47 GMT
• Title: Fine-Grained Property Value Assessment using Probabilistic Disaggregation
• Authors: Cohen Archbold, Benjamin Brodie, Aram Ansary Ogholbake, Nathan Jacobs
• Abstract summary: We propose a method to estimate the distribution over property value at the pixel level from remote sensing imagery. We evaluate on a real-world dataset of a major urban area.
• Score: 14.618878494135226
• License: http://arxiv.org/licenses/nonexclusive-distrib/1.0/
• Abstract: The monetary value of a given piece of real estate, a parcel, is often readily available from a geographic information system. However, for many applications, such as insurance and urban planning, it is useful to have estimates of property value at much higher spatial resolutions. We propose a method to estimate the distribution over property value at the pixel level from remote sensing imagery. We evaluate on a real-world dataset of a major urban area. Our results show that the proposed approaches are capable of generating fine-level estimates of property values, significantly improving upon a diverse collection of baseline approaches.

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