Spatially accounting for spillover effects of foreclosures in automated valuation models to promote accuracy and uniformity of property tax assessments

Authors

Paul E. Bidanset, Office of the Real Estate Assessor, Norfolk, Virginia
Michael McCord, Ulster University
Peadar Davis, Ulster University

Abstract

This article explores how geographically weighted regression models account for various spatial foreclosure spillovers and impact equity and uniformity of mass appraisal automated valuation models.

First Page

5

Last Page

19

Keywords

Automated valuation model (AVM), Foreclosure

Recommended Citation

Bidanset, P. E., McCord, M., & Davis, P. (2016). Spatially accounting for spillover effects of foreclosures in automated valuation models to promote accuracy and uniformity of property tax assessments. Journal of Property Tax Assessment & Administration, 13(1), 5-19. DOI: https://doi.org/10.63642/1357-1419.1179