Use Parcel Value Analysis

The Parcel Value Analysis solution delivers a set of capabilities that enable local governments to visualize key property characteristics on a map, discover neighborhood patterns, analyze sales ratios, and identify outliers and inequities.

In this topic, you’ll learn how to use the solution by assuming the role of a user and performing the workflows below.

Note:

Use your organization's data or configured apps to follow these workflows.

Analyze property value

Value Analysis Dashboard can be used to visualize the impact of sales, foreclosures, and assessment appeals on property value in a neighborhood or tax district.

Explore assessment neighborhoods

You will start by assuming the role of a residential property appraiser in an assessment organization that is responsible for valuing property. You are asked to use the Value Analysis Dashboard to investigate specific assessment neighborhoods and identify assessed value outliers, analyze recent property sales, and review appeals and foreclosures.

1. In a browser, sign in to your ArcGIS organization, and then browse to the Parcel Value Analysis solution.
2. View the Value Analysis Dashboard.

   The Value Analysis Dashboard opens, showing information about sales, appeals, and foreclosures, as well as overall metrics regarding property value and total property tax outstanding.

3. On the left, click the All Neighborhoods drop-down arrow and choose an assessment neighborhood to refine the results.
4. Click the All Sales drop-down arrow and choose a date range to further refine the results.
5. Explore the neighborhood and notice the range of assessed values.

   The parcels shaded in blue have higher values than parcels shaded in yellow.

6. On the map, click a sale to see a pop-up with the sale's details and a description of the likelihood that this sale could impact property tax levied against the property.
7. Review the high-level metrics about the neighborhood, including the current assessed value, current taxable value, and the overall taxes owed.

Locate comparable sales

Now, you will assume the role of a residential property appraiser in an assessment organization that is responsible for valuing property. You are asked to use the Residential Comp Finder to investigate property sales by defining a price range, year built, and living area. The resulting list of properties sold can then be used to help determine the fair market value of a subject or prospective property.

1. In a browser, sign in to your ArcGIS organization, and then browse to the Parcel Value Analysis solution.
2. View the Residential Comp Finder app.
3. On the right, in the Locate Sale widget, search for a parcel number, address, or school district, or click a location directly on the map.
4. Optionally, adjust the buffer slider to see a larger list of potential businesses.
5. Review the property's details, such as its address, parcel number, year built, floor area, assessed value, sale price, sales date, and sales ratio.
6. Optionally, use filters to refine the results; for example, use the Sale Amount is between filter to find homes with sale prices between $250,000 and $350,000.