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Prediction accuracy for mass appraisal purposes has evolved substantially over the last few decades, facilitated by the evolution in big data, data availability and open source software.
Michael McCord +5 more
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Real estate valuation algorithm for large local markets [PDF]
The article deals with issues related to the application of statistical methods used in the valuation process. The proposed algorithm for real estate valuation can be used in the statistical market analysis method in the process of mass appraisal.
Agnieszka Bitner, Małgorzata Frosik
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Investigation of Real Estate Tax Leakage Loss Rates with ANNs
In Türkiye, many changes have been made in the law within the past fifty years to determine the real estate tax value close to the real market value. However, the changes did not establish a fair valuation system for determining real estate tax.
Mehmet Yılmaz, Bülent Bostancı
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Adoption of Automated Valuation Models in Malawi; Valuers' Perception
Valuation profession is historically known for being more traditional and extensively uses traditional methods of valuation. Despite this, in the recent past, there have been strides to incorporate automated valuation methods (AVMs) in the valuation ...
Desmond Namangale, Esther Chimalizeni
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Mass appraisal is the standardized procedure of valuing a large number of properties at the same time and is commonly used to compute real estate tax.
Jengei Hong, Heeyoul Choi, Woo-sung Kim
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Urban land value maps – a methodological approach [PDF]
Land value maps are generally used in mass appraisal for the determination of property taxes. In view of the complex nature of property management processes, land value maps may also serve a variety of purposes which are not dictated by legal ...
Radoslaw Cellmer +3 more
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Housing Price Prediction Using Machine Learning Algorithms in COVID-19 Times
Machine learning algorithms are being used for multiple real-life applications and in research. As a consequence of digital technology, large structured and georeferenced datasets are now more widely available, facilitating the use of these algorithms to
Raul-Tomas Mora-Garcia +2 more
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Generalized real estate market value was evaluated by the Surveying and Mapping Authority of the Republic of Slovenia in 2010. Evaluations were made for all real estate in Slovenia and communicated to the real estate owners; this caused much controversy.
Igor Pšunder, Polona Tominc
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The traditional linear regression model of mass appraisal is increasingly unable to satisfy the standard of mass appraisal with large data volumes, complex housing characteristics and high accuracy requirements.
Daikun Wang, Victor Jing Li, Huayi Yu
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Investigation into valuation of land using remote sensing and GIS in Madurai, Tamilnadu, India
Assessing the value of property is important in the real estate activity. Important factor to assess the property value is the location of the property. In India, value of a property is mainly evaluated by the guideline value and the market value.
Balaji L., Muthukannan M.
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