Where is the world of property valuation for taxation purposes going?
Tretton, David
Where is the world of property valuation for taxation purposes going? - 2007 - Journal of Property Investment and Finance 25(5) 2007, 482-514(32) .
Compares and contrasts developments and trends in the use of Automated Valuation Models (AVMs) across the world to assess property for local taxation purposes. Focuses on three systems: Valuation Office Agency-Council Tax (dwellings) and Non-Domestic Ratings (commercial); Northern Ireland Valuation Lands Agency-Domestic (Dwellings); Hong Kong Rating and Valuation Department (dwellings and commercial) property. Considers the progress made in access to property data and data storage/retrieval. Finds that AVMs help produce valuations but their quality and accuracy are data and valuer led. Concludes that the subjective professional judgement of the valuer is still important.
AUTOMATED VALUATION MODELS
United Kingdom--
Where is the world of property valuation for taxation purposes going? - 2007 - Journal of Property Investment and Finance 25(5) 2007, 482-514(32) .
Compares and contrasts developments and trends in the use of Automated Valuation Models (AVMs) across the world to assess property for local taxation purposes. Focuses on three systems: Valuation Office Agency-Council Tax (dwellings) and Non-Domestic Ratings (commercial); Northern Ireland Valuation Lands Agency-Domestic (Dwellings); Hong Kong Rating and Valuation Department (dwellings and commercial) property. Considers the progress made in access to property data and data storage/retrieval. Finds that AVMs help produce valuations but their quality and accuracy are data and valuer led. Concludes that the subjective professional judgement of the valuer is still important.
AUTOMATED VALUATION MODELS
United Kingdom--