~/talk

Open Source Property Assessment: Tidymodels to Allocate $16B in Property Taxes

Talkat posit::conf(2023) · 2023-09-17..09-20· [machine-learning]
links:none on file
name:Dan Snow
links:none on file
slides:none on file

The Cook County Assessor's Office replaces a 50,000‑line SPSS regime with R and tidymodels plus LightGBM, publishing the full pipeline and data in an open-source repo. Models since 2020 value 1.5 million properties (≈$400B) countywide, cut training time by roughly two‑thirds via early stopping, and shift assessments so lower‑value homes are less overassessed while higher‑value homes rise toward market ratios, improving measured accuracy and equity.

AI-written summary · about

  1. 0:00Property tax challenges
  2. 4:04Tax divide and flawed valuations
  3. 5:49Closed to open source modeling
  4. 8:46LightGBM model with tidymodels
  5. 12:44Results and impact
  6. 14:54Open data and reporting
  7. 15:58Lessons and call to action
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