The highly valuable properties of resistivity and dielectric constant of a geological formation may be determined using an induction measurement, even for a geological formation with bed boundary or dipping effects, using a one-dimensional (1D) formation model. Induction measurements may be obtained in a wellbore through the geological formation using one or more downhole tools. One or more processors may be used to perform an inversion to estimate resistivity and dielectric constant values of the geological formation. The inversion may be performed using the induction measurements and a one-dimensional model that includes a number of geological layers.