Brief Abstract
2024 was a revaluation year for the City of Central Falls. At 1 square mile and 3000 parcels, it provided a good test bed to compare the efficacy of modern revaluation tools such as regression and AVM versus the time-tested market-adjusted cost that revaluation companies have been using for decades. This case study covers the results of this analysis for both the single-family and multi-family properties.
Start Date
3-4-2025 4:00 PM
End Date
3-4-2025 5:00 PM
Central Falls case study - Testing modern approaches to value in a small New England community
2024 was a revaluation year for the City of Central Falls. At 1 square mile and 3000 parcels, it provided a good test bed to compare the efficacy of modern revaluation tools such as regression and AVM versus the time-tested market-adjusted cost that revaluation companies have been using for decades. This case study covers the results of this analysis for both the single-family and multi-family properties.