FoxyAI, a B2B PropTech company providing real estate visualization and property intelligence, recently launched its specialized property intelligence tools for municipal tax appraisers, FoxyAI announced in a press release.
FoxyAI said its tools help municipalities and tax assessing entities to automate property quality classifications, generate efficiencies, reduce cost, and improve quality assurance.
In its latest use case, FoxyAI teamed up with the Williamson County, Texas, Central Appraisal District to help automate the reviewing, grading and recording of the county’s residential property to reassess taxes.
“The use of FoxyAI made reviewing large groups of properties faster, avoided over $900,000 in expense and saved over 36,000 hours of physical driving and review time,” Williamson Central Appraisal District Chief Appraiser Alvin Lankford said in the release. “And, FoxyAI's models have allowed us to provide a more equitable and fairer roll."
By analyzing and extracting data from existing images of properties, FoxyAI enables government entities and affiliated agencies to drive efficiency and accuracy across valuations, risk, underwriting and revenue-collection activities.
“We are proud of our work with tax assessors and are excited to launch our specialized property intelligence tools to help even more of these crucial professionals,” Vin Vomero, co-founder and CEO of FoxyAI, said. “In many states, property taxes provide the largest source of money for local schools, streets, roads, police, fire protection and many other services. It’s imperative that assessors are supported and empowered with the right technology to take on this vital task.”