A method to determine one or more borehole corrected formation properties using measurements made using a logging tool disposed in a borehole penetrating an earth formation is disclosed. The measurements are used to determine an apparent conductivity tensor for the formation and, for a set of parameters, a parameter value for each parameter in a subset of the set of parameters. A parameter value for each parameter in the set of parameters not in the subset is provided and a borehole-inclusive modeled conductivity tensor is computed. The apparent conductivity tensor and the borehole-inclusive modeled conductivity tensor are iteratively used to optimize the parameter values, and the optimized parameter values are used to compute an optimized conductivity tensor. A borehole corrected conductivity tensor is computed using the optimized conductivity tensor, and the borehole corrected formation properties are determined using the borehole corrected conductivity tensor and/or the optimized parameter values.