(Georgia Institute of Technology, 2023-05)
Knight-Scott, Ethan
Property taxation forms a pillar in the U.S. system of public spending, but policymakers in Georgia have expressed increasing concern that commercial properties are being under
appraised. Underappraisal would lead to a loss of government revenue to spend on public projects and social well-being. To analyze the extent of underappraisal, I use a dataset collected by Georgia Tech’s Urban Research Group from CoStar of 2,015 properties appraised in Fulton County, Georgia between 2015 – 2020. I find that the median commercial property is appraised for nearly half – 57% – of what the property eventually sells for. After running a series of one way ANOVA tests, I conclude that property use and property value are significant potential determinants of commercial property underappraisal. Time-related variables are also significant, suggesting a need to better control for underlying economic and financial changes in a future regression model.
The Tokyo Smart City Studio explores a method of data-driven urban design, and how digital urban technologies enable
architects and planners to comprehend cities, urban spaces and architecture from data visualization, mapping, modeling,
performance evaluation to architecture and urban form making. The project aims to design a smart urban district that is
carbon neutral, climate resilient and post-covid-19 conscious.