Where is the world of property valuation for taxation purposes going?
Language: English Series: Journal of Property Investment and Finance ; 25(5) 2007, 482-514(32)Publication details: 2007Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L140089 (Browse shelf(Opens below)) | 1 | Available | 140089-1001 |
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.