Norfolk, Virginia real estate assessment and sales data is updated quarterly by the city's Real Estate Assessor's Office. It includes property characteristics like acreage, square footage, year built, and current land, improvement, and total values. The data is sourced from the Assessor's Office ProVal records database.
Use Cases
- Predict Current Total Value using features like Acreage, Residential Finished Living Area, and Improvement Year Built.
- Analyze sales trends by joining Transfer Date and Consideration (sale price) with Property Class Description.
- Model land use patterns by clustering Property Use codes with geographic identifiers like GPIN and Property Zip.
- Assess assessment fairness by comparing Current Land Value and Current Improvement Value across Property City neighborhoods.
Strengths
- Contains 30 detailed columns per property record, including valuation components and physical characteristics.
- Data is updated on a quarterly basis, providing regular refreshes.
Limitations
- The sample size and total row count are unknown, limiting statistical reliability assessments.
- Temporal coverage is limited to a single fiscal year (FY20), restricting longitudinal analysis.
- Geographic scope is confined to one city (Norfolk), limiting generalizability.
Provenance
- Source
- Real Estate Assessor’s Office, City of Norfolk (data.norfolk.gov).
- Collection Method
- Extracted from the Real Estate Assessor’s Office ProVal records database.
- Time Range
- Fiscal Year 2020.
- Freshness
- Updated quarterly, last updated April 2023.
- Geography
- Properties within the city of Norfolk, Virginia.